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Resource curse: Case study of Nigeria

Author

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  • Adela Zubikova

    (University of Economics in Prague, Faculty of Economics)

Abstract

The aim of the article is to verify the validity of resource curse in the case of Nigeria at the beginning of the new millennium. The theoretical part defines the role of natural resources as a form of capital, the symptoms of the alleged curse and transmission channels of resource curse. The practical part verifies several hypotheses established by comparing research papers on impacts of natural resources. The validity of the Prebisch-Singer hypothesis, Dutch disease symptoms and a negative impact on political institutions (inclination toward authoritarianism, high level of corruption, high government spending and low efficiency of economic and political decision-making) are verified. Results confirm most of the manifestations of the resource curse.

Suggested Citation

  • Adela Zubikova, 2017. "Resource curse: Case study of Nigeria," Proceedings of Economics and Finance Conferences 4507411, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iefpro:4507411
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    File URL: https://iises.net/proceedings/8th-economics-finance-conference-london/table-of-content/detail?cid=48&iid=016&rid=7411
    File Function: First version, 2017
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    Cited by:

    1. Mesagan, Ekundayo Peter & Charles, Ayobola Olufolake & Vo, Xuan Vinh, 2023. "The relevance of resource wealth in output growth and industrial development in Africa," Resources Policy, Elsevier, vol. 82(C).

    More about this item

    Keywords

    resource curse; natural capital; economic growth; Prebisch-Singer hypothesis; Dutch disease;
    All these keywords.

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • Q00 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - General
    • Q33 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Resource Booms (Dutch Disease)

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