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Natural Resource Abundance, Institutions and Economic Growth in Africa
The study analysed the effect of institution on resource curse abundance-economic growth nexus using the system generalised method of moments. The empirical results refute the resource curse hypothesis in Africa. In addition, institutions have dampening effect on the nexus. This stems from the fact...
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| Format: | Article |
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2015
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| LEADER | 00000njm a2000000a 4500 | ||
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| 001 | oai:repository.ui.edu.ng:123456789/13346 | ||
| 042 | |a dc | ||
| 720 | |a Oyinlola, M. A. |e author | ||
| 720 | |a Adeniyi, O. A. |e author | ||
| 720 | |a Raheem, I. D. |e author | ||
| 260 | |c 2015 | ||
| 520 | |a The study analysed the effect of institution on resource curse abundance-economic growth nexus using the system generalised method of moments. The empirical results refute the resource curse hypothesis in Africa. In addition, institutions have dampening effect on the nexus. This stems from the fact that the institutional development level of most African countries is weak. The study also found out that the resource curse hypothesis is not peculiar to oil wealth as indicated in the literature. Lastly, our results do not support the rentier effect as a possible channel of the hypothesis. | ||
| 024 | 8 | |a 1741-5128 | |
| 024 | 8 | |a 0954-7118 | |
| 024 | 8 | |a ui_art_oyinlola_natural_2015 | |
| 024 | 8 | |a African Journal of Economic and Sustainable Development 4(1), pp. 34-48 | |
| 024 | 8 | |a https://repository.ui.edu.ng/handle/123456789/13346 | |
| 653 | |a Natural resources | ||
| 653 | |a institutional quality | ||
| 653 | |a growth | ||
| 653 | |a Rentier effect | ||
| 653 | |a Resource curse hypothesis | ||
| 653 | |a Africa | ||
| 245 | 0 | 0 | |a Natural Resource Abundance, Institutions and Economic Growth in Africa |