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CURSE OR BLESSING: ECONOMIC GROWTH AND NATURAL RESOURCES (COMPARISON OF THE DEVELOPMENT OF BOTSWANA, CANADA, NIGERIA AND NORWAY IN THE EARLY 21st CENTURY)

Agricultural and Resource Economics International Scientific E-Journal

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Title CURSE OR BLESSING: ECONOMIC GROWTH AND NATURAL RESOURCES (COMPARISON OF THE DEVELOPMENT OF BOTSWANA, CANADA, NIGERIA AND NORWAY IN THE EARLY 21st CENTURY)
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Creator Zubikova, Adela
 
Subject resource curse; natural capital; economic growth; Prebisch-Singer hypothesis; Dutch disease.
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Description This paper aims to review the concept of resource curse, to summarize key points from existing literature and apply them on four selected countries at the beginning of the new millennium. The practical part investigates several hypotheses established by comparing research papers on impact of natural resources on the example of two developing countries (Nigeria and Botswana) and two developed countries (Canada and Norway). Specifically, the validity of the Prebisch-Singer hypothesis, Dutch disease symptoms and several hypotheses about a negative impact on political institutions have been verified. The results confirm the Prebisch-Singer hypothesis for selected commodities in the long term and some of the symptoms of Dutch disease in period 2000–2016 in the selected countries. Hypotheses about the impact on the political institutions have not been confirmed. The prices of commodities were identified as a key transmission channel of resource curse in the short run.
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Publisher Agricultural and Resource Economics: International Scientific E-Journal
Agricultural and Resource Economics: International Scientific E-Journal
 
Contributor —
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Date 2018-03-20
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
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Format application/pdf
 
Identifier http://are-journal.com/are/article/view/152
 
Source Agricultural and Resource Economics: International Scientific E-Journal; Vol 4, No 1 (2018); 20-41
Agricultural and Resource Economics: International Scientific E-Journal; Vol 4, No 1 (2018); 20-41
2414-584X
 
Language eng
 
Relation http://are-journal.com/are/article/view/152/140
 
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