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Natural Wealth and Economic Growth: The Case of Sub-Saharan Africa

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  • Otaviano Canuto
  • Christos Daoulas

Abstract

This note approaches the relationship between natural wealth and economic growth, using the case of Sub-Sahara African economies as an illustration. Delving into recent World Bank reports, it highlights how a sustained positive correlation between natural capital and GDP growth happens through the transformation of the former into other forms of assets: produced capital, human capital and other intangible assets. Governance features and the quality of macroeconomic policies are of the essence for such a benign trajectory to take place.

Suggested Citation

  • Otaviano Canuto & Christos Daoulas, 2019. "Natural Wealth and Economic Growth: The Case of Sub-Saharan Africa," Research papers & Policy papers on Economic Trends and Policies 1941, Policy Center for the New South.
    • Handle: RePEc:ocp:rpaeco:pp_19-12
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    References listed on IDEAS

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