Munich Personal RePEc Archive

Vérité sociale ou fausseté économique

Izu, Akhenaton (2015): Vérité sociale ou fausseté économique. Published in: Jeune économiste , Vol. 20, No. 23 (17 September 2015): pp. 25-44.

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The inspiration of this paper comes from the clear divorce between the eloquent economic growth and rampant poverty of Congolese people. The originality of this work is to get information from the economic structure for explaining this divorce. In the one hand, the predator government, the selling off natural resources and the lack of interaction between the below economy and the supra economy are the main causes of this divorce. In the other hand, the econometric estimations tell us that the rent of natural resources has a negative impact on GDP per capita to the point that of the rent increases of 1% of GDP, this leads to 23$ reduction of GDP per capita, while the physical capital stock increases of 0.62% when the natural resources rent grows of 1% of GDP. Therefore, the growth taken from the natural resources extraction has a negative impact on Congolese people social life.

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