Work detail

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

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