Freeing The Resource Curse; The Economics of Natural Resource and Black Gold in sub-Saharan Africa
| Author: | Mgr. Gregory Quarshie |
|---|---|
| Year: | 2014 - summer |
| Leaders: | prof. Ing. Karel Janda M.A., Dr., Ph.D. |
| Consultants: | |
| Work type: | Masters MEF |
| Language: | English |
| Pages: | 104 |
| Awards and prizes: | |
| Link: | https://is.cuni.cz/webapps/zzp/detail/137783/ |
| Abstract: | It is gradually becoming common knowledge that, natural resources have not been able to make positive i mpact on economic growth of countries. In that, countries rich in natural resources grow at a slower pace than the resource - poor countries. This occurrence is one of the reasons behind many defections and militant groups against state authority in many res ource - rich countries , especially those in sub - Saharan Africa . Using panel data from 1980 to 2010 on 34 sub - Saharan African countries, this paper examines whether institutionalised authority , which is a proxy for state authority, can chang e the negative rel ationship between natural resources and economic growth. The key finding is that, institutionalised authority can alter the negative relationship that exists between natural resources and economic growth |
