Natural Resources, Oil and Economic Growth in Sub-Saharan Africa

Janda, Karel and Quarshie, Gregory (2017): Natural Resources, Oil and Economic Growth in Sub-Saharan Africa.

Abstract

This paper takes a critical look at the natural resource curse in countries in sub-Saharan Africa and it highlights the role of institutionalised authority. The paper first provides a comprehensive literature review of natural resource curse, Dutch disease and the role of oil resources in resource curse. This is follow by the description of the relevant economic factors in sub-Saharan Africa, which is taken as prime example of the region with both important oil and other natural resources and with serious economic growth problems.

• Item Type: MPRA Paper
• Language: English
• Keywords: Economic Growth; Natural Resources; Oil; Institutions; Sub-Saharan Africa
• Subjects: O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O43 - Institutions and Growth; P - Economic Systems > P5 - Comparative Economic Systems > P52 - Comparative Studies of Particular Economies; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q4 - Energy > Q43 - Energy and the Macroeconomy

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