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Resource Abundance and Material Wellbeing in Africa — an investigation of the Resource Curse

Lagercrantz, Hedvig LU (2021) EKHS21 20211
Department of Economic History
Abstract
Natural resources and their impact on growth has received significant academic attention through the theory of the resource curse. Most literature has studied the relationship between natural resource abundance and economic growth. However, the resource curse argues that development, in general, is negatively affected by resource abundance and that it can be avoided through quality institutions and governance. This thesis contributes to the literature on the resource curse by evaluating the relationship between resource abundance and material wellbeing in Africa. The empirical analysis was conducted through a panel data analysis, which finds support for the resource curse theory in Africa in various aspects: (i) there is a negative... (More)
Natural resources and their impact on growth has received significant academic attention through the theory of the resource curse. Most literature has studied the relationship between natural resource abundance and economic growth. However, the resource curse argues that development, in general, is negatively affected by resource abundance and that it can be avoided through quality institutions and governance. This thesis contributes to the literature on the resource curse by evaluating the relationship between resource abundance and material wellbeing in Africa. The empirical analysis was conducted through a panel data analysis, which finds support for the resource curse theory in Africa in various aspects: (i) there is a negative relationship between material wellbeing and resource abundance, (ii) it finds that the resource curse is mitigated where governance and institutions are of higher quality, (iii) there is a negative relationship between resource abundance and taxation. These findings show that the resource curse is not only evident in terms of the impact of resource abundance on economic growth, but also on other indicators of development, such as material wellbeing. (Less)
Please use this url to cite or link to this publication:
author
Lagercrantz, Hedvig LU
supervisor
organization
course
EKHS21 20211
year
type
H1 - Master's Degree (One Year)
subject
keywords
Natural resource curse, Resource abundance, Material wellbeing, Taxation, Africa, Institutions
language
English
id
9055201
date added to LUP
2021-06-24 13:14:47
date last changed
2021-06-24 13:14:47
@misc{9055201,
  abstract     = {{Natural resources and their impact on growth has received significant academic attention through the theory of the resource curse. Most literature has studied the relationship between natural resource abundance and economic growth. However, the resource curse argues that development, in general, is negatively affected by resource abundance and that it can be avoided through quality institutions and governance. This thesis contributes to the literature on the resource curse by evaluating the relationship between resource abundance and material wellbeing in Africa. The empirical analysis was conducted through a panel data analysis, which finds support for the resource curse theory in Africa in various aspects: (i) there is a negative relationship between material wellbeing and resource abundance, (ii) it finds that the resource curse is mitigated where governance and institutions are of higher quality, (iii) there is a negative relationship between resource abundance and taxation. These findings show that the resource curse is not only evident in terms of the impact of resource abundance on economic growth, but also on other indicators of development, such as material wellbeing.}},
  author       = {{Lagercrantz, Hedvig}},
  language     = {{eng}},
  note         = {{Student Paper}},
  title        = {{Resource Abundance and Material Wellbeing in Africa — an investigation of the Resource Curse}},
  year         = {{2021}},
}