Ola, Kehinde Oluwole and Onyejiuwa, Daniel Chibueze (2023) Resource Endowment and Economic Growth in Sub-Saharan African Countries. Global Journal of Arts, Humanities and Social Sciences, 11 (7). pp. 13-31. ISSN 2052-6350(Print) ,2052-6369(Online)
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Abstract
This study assessed the evidence of resource curse and identified whether Dutch disease explained resource curse in selected sub-Saharan African (SSA) countries if evident. The study used Secondary data for 14 sub-Saharan African countries endowed with natural resources. Annual data from 1981 to 2017 obtained from the World Development Indicators (2017) and open data for Africa. The study adopted panel cointegration and fixed effects panel data estimation. The results showed a positve and statistically significant relationship between resource endowment and economic growth. This implied that resource endowment has a positive effect on economic growth in sub-Saharan African countries, and there is no basis to identify whether Dutch disease explain resource curse in SSA countries. The study concluded that there is no evidence of resource curse found in SSA countries and suggested that resource-endowed SSA countries should discover profitable investment in order to re-invested proceeds from natural resources into other form of renewable physical capital assets.
| Item Type: | Article |
|---|---|
| Subjects: | H Social Sciences > H Social Sciences (General) |
| Depositing User: | Professor Mark T. Owen |
| Date Deposited: | 12 Jul 2023 17:56 |
| Last Modified: | 12 Jul 2023 17:56 |
| URI: | https://tudr.org/id/eprint/1970 |
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