Details

Autor(en) / Beteiligte

• Sala-i-Martin, Xavier
• Subramanian, Arvind

Titel

Addressing the Natural Resource Curse: An Illustration from Nigeria

Ist Teil von

• Journal of African economies, 2013-08, Vol.22 (4), p.570-615

Ort / Verlag

United Kingdom: Oxford University Press

Erscheinungsjahr

2013

Link zum Volltext

Quelle

Oxford Journals 2020 Social Sciences

Beschreibungen/Notizen

• Some natural resources—oil and minerals in particular—exert a negative and non-linear impact on growth via their deleterious impact on institutional quality. We show this result to be very robust. The Nigerian experience provides telling confirmation of this aspect of natural resources. Waste and poor institutional quality stemming from oil appear to have been responsible for its poor long-run economic performance. We propose a solution for addressing this resource curse which involves directly distributing the oil revenues to the public. Even with all the difficulties that will, no doubt, plague its actual implementation, our proposal will, at the least, be vastly superior to the status quo. At best, however, it could fundamentally improve the quality of public institutions and, as a result, durably raise long-run growth performance.