IDEAS home Printed from
   My bibliography  Save this article

Inclusive growth, human capital development and natural resource rent in SSA


  • Ibrahim D. Raheem

    () (University of Kent)

  • Kazeem O. Isah

    (University of Ibadan)

  • Abdulfatai A. Adedeji

    (University of Ibadan)


Abstract This paper seeks to achieve two objectives. First, we argued for the increase in government expenditure on education and health to examine the possibility of achieving inclusive growth. Second, financing gap model was employed to estimate the potential growth in GDP per capita that is accruable to the economy if government use natural resource rent to finance increase in expenditure of education and health. Relying on dataset for 18 SSA countries, among the results obtained showed that both government expenditures are found to be significant for explaining growth in SSA. However, augmenting health expenditure with natural resource appears to be more significant for making growth process inclusive. Also, the results of the simulation exercise indicate that increasing government expenditure on health would increase GDP per capita growth by over 3.1 %. The policy implication of this is drawn based upon the results obtained.

Suggested Citation

  • Ibrahim D. Raheem & Kazeem O. Isah & Abdulfatai A. Adedeji, 2018. "Inclusive growth, human capital development and natural resource rent in SSA," Economic Change and Restructuring, Springer, vol. 51(1), pages 29-48, February.
  • Handle: RePEc:kap:ecopln:v:51:y:2018:i:1:d:10.1007_s10644-016-9193-y
    DOI: 10.1007/s10644-016-9193-y

    Download full text from publisher

    File URL:
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.

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

    References listed on IDEAS

    1. Justin Yifu Lin, 2012. "The Quest for Prosperity: How Developing Economies Can Take Off," Economics Books, Princeton University Press, edition 1, number 9812.
    2. Acemoglu, Daron & Johnson, Simon & Robinson, James & Thaicharoen, Yunyong, 2003. "Institutional causes, macroeconomic symptoms: volatility, crises and growth," Journal of Monetary Economics, Elsevier, vol. 50(1), pages 49-123, January.
    3. Mustapha K. Nabli & Rabah Arezki, 2012. "Natural Resources, Volatility, and Inclusive Growth; Perspectives From the Middle East and North Africa," IMF Working Papers 12/111, International Monetary Fund.
    4. Margaret S. McMillan & Dani Rodrik, 2011. "Globalization, Structural Change and Productivity Growth," NBER Working Papers 17143, National Bureau of Economic Research, Inc.
    5. Alan H. Gelb & Arnaud Dupuy & Rabah Arezki, 2012. "Resource Windfalls, Optimal Public Investment and Redistribution; The Role of Total Factor Productivity and Administrative Capacity," IMF Working Papers 12/200, International Monetary Fund.
    6. N. Gregory Mankiw & David Romer & David N. Weil, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, Oxford University Press, vol. 107(2), pages 407-437.
    7. Mutiu A. Oyinlola & Oluwatosin A. Adeniyi & Ibrahim D. Raheem, 2015. "Natural resource abundance, institutions and economic growth in Africa," African Journal of Economic and Sustainable Development, Inderscience Enterprises Ltd, vol. 4(1), pages 34-48.
    Full references (including those not matched with items on IDEAS)


    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.

    Cited by:

    1. Kouton, Jeffrey, 2018. "Education expenditure and economic growth: Some empirical evidence from Côte d’Ivoire," MPRA Paper 88350, University Library of Munich, Germany.


    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:kap:ecopln:v:51:y:2018:i:1:d:10.1007_s10644-016-9193-y. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla) or (Rebekah McClure). General contact details of provider: .

    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.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.