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Mineral resources endowment and economic growth in Southern African countries

Author

Listed:
  • Olawumi D. Awolusi
  • Josue Mbonigaba
  • Christian K. Tipoy

Abstract

This paper investigates the relationship between mineral resource endowment and economic growth in the Southern African economies - using a panel dataset of 14 countries in the Southern African Development Community (SADC) from 1990 to 2014. The empirical methodology involved the use of ordinary least squares (OLS) and generalised method of moments (GMM) as the estimation techniques. The economic growth model was analysed based on a modified framework from Mahonye and Mandishara (2015). The findings are that real growth in services, real growth of manufacturing, real growth of agriculture, real growth of mining, human capital development, infrastructural development, trade openness, and growth in foreign direct investment, were all important determinants of economic growth in Southern African economies during the study period. Therefore, Southern African countries with natural resources should encourage their development and not be concerned about the threat of 'resource curse'.

Suggested Citation

  • Olawumi D. Awolusi & Josue Mbonigaba & Christian K. Tipoy, 2018. "Mineral resources endowment and economic growth in Southern African countries," International Journal of Diplomacy and Economy, Inderscience Enterprises Ltd, vol. 4(1), pages 59-79.
    • Handle: RePEc:ids:ijdipe:v:4:y:2018:i:1:p:59-79
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    Citations

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    Cited by:

    1. Bariko Delphin & Olawumi Dele Awolusi, 2023. "Credit Accessibility and Growth of Small and Medium Enterprises in Bujumbura, Burundi," Journal of Economics and Behavioral Studies, AMH International, vol. 15(4), pages 13-36.
    2. Kristelle Marjori Matira & Olawumi Dele Awolusi, 2020. "Leaders and Managers Styles towards Employee Centricity: A Study of Hospitality Industry in United Arab Emirates," Information Management and Business Review, AMH International, vol. 12(1), pages 1-21.
    3. O. Makgati Meladi Makgati & Olawumi D Awolusi, 2020. "The Influence of Information Communication Technology (ICT) integration on teaching and learning in South African Schools," Journal of Education and Vocational Research, AMH International, vol. 10(2), pages 47-64.
    4. Olutayo Akanji Olatunji & Olawumi Dele Awolusi, 2020. "Performance evaluation and improvement among salesmen in the Nigerian fast moving consumer goods sector," Journal of Social and Development Sciences, AMH International, vol. 10(4), pages 12-29.
    5. Martha Mumbi Simwanza & Olawumi Dele Awolusi, 2020. "Customer Experience Monitoring: A Study of Zambian Banks," Journal of Education and Vocational Research, AMH International, vol. 10(2), pages 1-17.
    6. Wang, Yibo, 2023. "Exploring resource endowment and human capital impact on regional energy efficiency in China in the context of COP26," Resources Policy, Elsevier, vol. 81(C).
    7. Jean Oxas Shingiro & Olawumi Dele Awolusi, 2023. "Corporate Strategies and Financial Performance among Foreign Commercial Banks in Bujumbura, Burundi," Journal of Economics and Behavioral Studies, AMH International, vol. 15(4), pages 87-105.

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