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Assessing and Remedying the Natural Resource Curse in Equatorial Guinea

Sandberg, Oscar LU and Salomonsson, Gustaf LU (2010) In Minor Field Study Series NEKK01 20092
Department of Economics
Abstract
This thesis identifies and studies the effects of the natural resource curse on Equatorial Guinea by applying three typical theoretical phenomena to the Equatoguinean context: Dutch Disease, volatility of prices and institutional effects. The results show that Equatorial Guinea has very weak institutions and suffers from symptoms of Dutch Disease, but that the country so far has managed to avoid the debt burden related to the volatility of oil prices. It is concluded that Equatorial Guinea is negatively affected by the natural resource curse. Finally, possible remedies are discussed and the importance of improving the institutional framework is underlined.
Abstract (French)
La malédiction des ressources naturelles en Guinée Équatoriale est analysée à partir de trois approches, le syndrome hollandais, la volatilité des prix et la qualité des institutions. L'étude montre que les institutions du pays sont peu développées et que le pays a été victime d'une forme de syndrome hollandais, mais que le gouvernement a réussi à éviter l'augmentation de la dette publique liée à la volatilité des prix des produits exportés. L'étude illustre les conséquences de la malédiction des ressources naturelles en Guinée Équatoriale et propose des remèdes adaptés au contexte du pays.
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author
Sandberg, Oscar LU and Salomonsson, Gustaf LU
supervisor
organization
course
NEKK01 20092
year
type
M2 - Bachelor Degree
subject
keywords
natural resource curse, Equatorial Guinea, Dutch Disease, price volatility, institutions, oil shock, real effective exchange rate
publication/series
Minor Field Study Series
report number
200
ISSN
0283-1589
language
English
id
1625007
date added to LUP
2010-09-20 10:10:48
date last changed
2010-09-20 10:10:48
@misc{1625007,
  abstract     = {This thesis identifies and studies the effects of the natural resource curse on Equatorial Guinea by applying three typical theoretical phenomena to the Equatoguinean context: Dutch Disease, volatility of prices and institutional effects. The results show that Equatorial Guinea has very weak institutions and suffers from symptoms of Dutch Disease, but that the country so far has managed to avoid the debt burden related to the volatility of oil prices. It is concluded that Equatorial Guinea is negatively affected by the natural resource curse. Finally, possible remedies are discussed and the importance of improving the institutional framework is underlined.},
  author       = {Sandberg, Oscar and Salomonsson, Gustaf},
  issn         = {0283-1589},
  keyword      = {natural resource curse,Equatorial Guinea,Dutch Disease,price volatility,institutions,oil shock,real effective exchange rate},
  language     = {eng},
  note         = {Student Paper},
  series       = {Minor Field Study Series},
  title        = {Assessing and Remedying the Natural Resource Curse in Equatorial Guinea},
  year         = {2010},
}