IDEAS home Printed from https://ideas.repec.org/a/ids/ijrevm/v10y2018i3-4p326-344.html
   My bibliography  Save this article

Natural resource windfalls and economic growth nexus: a panel analysis for Africa

Author

Listed:
  • Abimelech Paye Gbatu
  • Zhen Wang
  • Presley K. Wesseh Jr.
  • Vamuyan A. Sesay

Abstract

We employed fixed effects model to study the influences of natural resource windfalls and some variables on African economic development. For each growth model, equations were estimated for the full panel, and for the samples with good and bad institutional structures. The outcomes show that resource curse exists in Africa and can be explained by Africa's lack of good institutional structures. Hence, an implication of the results is that good institutions promote economic growth but bad institutions destroy an economy. Therefore, we first recommend the need to improve institutional quality in Africa. Second, the challenge of attaining rapid and sustainable growth and development requires Africans to strengthen and re-enforce anti-corruption laws that could discourage the further spread of corruption. Third, policymakers should ensure short-and-long term opportunities of diversifying the economy by engaging in agriculture, transportation, and services.

Suggested Citation

  • Abimelech Paye Gbatu & Zhen Wang & Presley K. Wesseh Jr. & Vamuyan A. Sesay, 2018. "Natural resource windfalls and economic growth nexus: a panel analysis for Africa," International Journal of Revenue Management, Inderscience Enterprises Ltd, vol. 10(3/4), pages 326-344.
    • Handle: RePEc:ids:ijrevm:v:10:y:2018:i:3/4:p:326-344
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=96332
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijrevm:v:10:y:2018:i:3/4:p:326-344. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=99 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.