Freeing The Resource Curse; The Economics of Natural Resource and Black Gold in sub-Saharan Africa
diploma thesis (DEFENDED)

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Permanent link
http://hdl.handle.net/20.500.11956/69001Collections
- Kvalifikační práce [12490]
Author
Advisor
Referee
Babin, Adrian
Faculty / Institute
Faculty of Social Sciences
Discipline
Economics and Finance
Department
Institute of Economic Studies
Date of defense
24. 6. 2014
Publisher
Univerzita Karlova, Fakulta sociálních vědLanguage
English
Grade
Good
Keywords (English)
natural resource, economic growth, institutionalised authority, dutch disease, sub-saharan africa
It is gradually becoming common knowledge that, natural resources have not been able to make positive impact 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 resource-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 change the negative relationship 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. JEL Classification C33, O43, Q28, Q33, Q43, Keywords Natural Resources, Economic growth, Institutionalised Authority, Dutch Disease, sub-Saharan Africa