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Does the exploitation of natural resources promote the industrialization of African countries?

Author

Listed:
  • Guivis Zeufack Nkemgha

    (University of Bamenda)

  • Vladimir Kengne

    (University of Dchang)

  • Armel Peuwo Djouaka

    (University of Dschang)

Abstract

Despite the growing literature on natural resources, little is known about the effect of natural resources on industrialization, particularly in African countries. This study investigates how natural resources affect industrialization process in 28 African countries over the period 1998-2014. Two industrialization indicators (consisting of added value of manufacturing sector and added value of industry) are used. The empirical evidence is based on Ordinary Least Squared (OLS), system Generalized Method Moments (GMM) and Quantile Regression (QR). The results show that natural resources hamper industrialization in African countries.

Suggested Citation

  • Guivis Zeufack Nkemgha & Vladimir Kengne & Armel Peuwo Djouaka, 2021. "Does the exploitation of natural resources promote the industrialization of African countries?," Economics Bulletin, AccessEcon, vol. 41(3), pages 1338-1356.
    • Handle: RePEc:ebl:ecbull:eb-20-01257
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    References listed on IDEAS

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    More about this item

    Keywords

    natural resources; industrialization; African countries;
    All these keywords.

    JEL classification:

    • L6 - Industrial Organization - - Industry Studies: Manufacturing
    • Q0 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General

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