Natural resources, institutions, and economic growth: the case of Nigeria

Anna Raggl

No 8153, Policy Research Working Paper Series from The World Bank

Abstract: Using growth regressions with panel data, this study identifies the determinants of economic growth, highlighting in particular the role of natural resources and institutional quality. The overarching aim of this exercise is to learn about the drivers of growth in Nigeria, and to predict growth rates of gross domestic product per capita for the country under different scenarios. This study finds that a growth-enhancing effect of natural resources is tied to a sound institutional environment and low levels of corruption. Accumulation of human as well as physical capital, but also the quality of institutions and natural resource rents are estimated to be particular important ingredients for a prosperous economic development in Nigeria.

Keywords: Commodities; Economic Systems; Oil&Gas (search for similar items in EconPapers)
Date: 2017-07-20
References: Add references at CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://documents.worldbank.org/curated/en/294851500559537935/pdf/WPS8153.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wbk:wbrwps:8153

Access Statistics for this paper

More papers in Policy Research Working Paper Series from The World Bank 1818 H Street, N.W., Washington, DC 20433. Contact information at EDIRC.
Bibliographic data for series maintained by Roula I. Yazigi ().