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Natural Resource Re...
Natural Resource Revenues and Public Investment in Resource-rich Economies in Sub-Saharan Africa
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- Karimu, Amin (författare)
- Umeå universitet,Centrum för miljö- och naturresursekonomi (CERE),Centre for Environmental and Resource Economics, Umeå University, Umeå, Sweden; University of Ghana Business School, Ghana
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- Adu, George (författare)
- The Nordic Africa Institute, Uppsala University, Uppsala, Sweden; Department of Economics, Kwame Nkrumah University of Science and Technology, Kumasi, Ghana,Nordic Africa Institute,Kwame Nkrumah University of Science and Technology (KNUST)
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- Marbuah, George (författare)
- Swedish University of Agricultural Sciences,Sveriges lantbruksuniversitet,Institutionen för ekonomi,Department of Economics
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- Tei Mensah, Justice (författare)
- Swedish University of Agricultural Sciences,Sveriges lantbruksuniversitet,Institutionen för ekonomi,Department of Economics
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- Amuakwa-Mensah, Franklin (författare)
- Swedish University of Agricultural Sciences,Sveriges lantbruksuniversitet,Institutionen för ekonomi,Department of Economics
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(creator_code:org_t)
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- 2017-03-13
- 2017
- Engelska.
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Ingår i: Review of Development Economics. - : John Wiley & Sons. - 1363-6669 .- 1467-9361. ; 21:4, s. 107-130
- Relaterad länk:
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https://www.wider.un...
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https://urn.kb.se/re...
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https://doi.org/10.1...
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https://urn.kb.se/re...
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https://res.slu.se/i...
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Abstract
Ämnesord
Stäng
- The general policy prescription for resource-rich countries is that, for sustainable consumption, a greater percentage of the windfall from resource rents should be channeled into accumulating foreign assets such as a sovereign public fund as done in Norway and other developed but resource-rich countries. This might not be a correct policy prescription for resource-rich sub-Saharan African (SSA) countries, where public capital is very low to support the needed economic growth. In such countries, rents from resources serve as an opportunity to scale-up the needed public capital. Using a panel data for the period 1990–2013, we find in line with the scaling-up hypothesis that resource rents significantly increases public investment in SSA and that this tends to depend on the quality of political institutions. Moreover, we also find evidence of a positive effect of public investment on economic growth, which also depends on the level of resource rents.
Ämnesord
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Nationalekonomi (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Economics (hsv//eng)
Publikations- och innehållstyp
- ref (ämneskategori)
- art (ämneskategori)
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