The Role of Primary Commodities in Economic Development: Sub-Saharan Africa versus Rest of the World

We study the nexus between natural resources and growth in Sub-Saharan Africa (SSA) and find that SSA is indeed special: resources dependence retards growth in SSA, but not elsewhere. The natural resources curse is thus specific to SSA. We then show that this specificity does not depend on the type of primary commodities on which SSA specializes. Instead, the SSA specificity appears to arise from the interaction between institutions and natural resources.

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Year of publication:	2010-09
Authors:	Carmignani, Fabrizio ; Chowdhury, Abdur
Institutions:	Department of Economics, College of Business Administration
Subject:	primary commodities \| growth \| institutions \| Economics

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Extent:	application/pdf
Series:	Working Papers and Research.
Type of publication:	Book / Working Paper
Notes:	Number 2010-01
Classification:	O13 - Agriculture; Natural Resources; Energy; Environment; Other Primary Products ; O40 - Economic Growth and Aggregate Productivity. General ; Q00 - Agricultural and Natural Resource Economics. General ; F43 - Economic Growth of Open Economies
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008671509