IDEAS home Printed from https://ideas.repec.org/p/ocp/rpcoen/pp_19-12.html
   My bibliography  Save this paper

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

Author

Listed:
  • 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 Commodities & Energy 1908, Policy Center for the New South.
    • Handle: RePEc:ocp:rpcoen:pp_19-12
    as

    Download full text from publisher

    File URL: https://www.policycenter.ma/sites/default/files/2021-01/PP_19-12%20%28Canuto%20and%20Christos%29.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. repec:ocp:ppaper:pb19-14 is not listed on IDEAS
    2. repec:ocp:ppaper:pb-1742 is not listed on IDEAS
    3. Canuto, Otaviano & Cavallari, Matheus, 2012. "Natural Capital and the Resource Curse," World Bank - Economic Premise, The World Bank, issue 83, pages 1-6, May.
    4. Anthony Venables & Paul Collier, 2009. "Natural Resources and State Fragility," OxCarre Working Papers 031, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
    5. Ivailo Izvorski & Souleymane Coulibaly & Djeneba Doumbia, 2018. "Reinvigorating Growth in Resource-Rich Sub-Saharan Africa," World Bank Publications - Reports 30399, The World Bank Group.
    6. repec:ocp:ppaper:pb19-04 is not listed on IDEAS
    7. Canuto, Otaviano & Dutz, Mark & Reis, José Guilherme, 2010. "Technological Learning and Innovation: Climbing a Tall Ladder," World Bank - Economic Premise, The World Bank, issue 21, pages 1-8, July.
    8. Pierre-Richard Agénor & Jan Mares & Piritta Sorsa, 2015. "Gender Equality and Economic Growth in India: A Quantitative Framework," OECD Economics Department Working Papers 1263, OECD Publishing.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. 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.
    2. Giscard Assoumou-ella, 2019. "Gender Inequality in Education and per capita GDP: the case of CEMAC Countries," Economics Bulletin, AccessEcon, vol. 39(2), pages 1154-1162.
    3. Otaviano Canuto, 2020. "Brazil, South Korea: Two Tales of Climbing an Income Ladder," Policy briefs on Trade Dynamics and Policies 2005, Policy Center for the New South.
    4. Agénor, Pierre-Richard & Canuto, Otaviano, 2015. "Middle-income growth traps," Research in Economics, Elsevier, vol. 69(4), pages 641-660.
    5. Ross, Michael L. & Werker, Eric, 2024. "Diversification in resource-rich Africa, 1999–2019," Resources Policy, Elsevier, vol. 88(C).
    6. Mahadeva Lavan, 2014. "Why does natural resource abundance not always lead to better outcomes? Limited financial development versus political impatience," The B.E. Journal of Macroeconomics, De Gruyter, vol. 14(1), pages 341-377, January.
    7. Anthony Venables, 2010. "Resource rents; when to spend and how to save," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 17(4), pages 340-356, August.
    8. Nhlangwini, Pamela & Mongale, Itumeleng Pleasure, 2019. "Mining Production and Economic Growth Nexus," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 53(3), pages 103-116.
    9. Al Raee, Mueid & De Crombrugghe, Denis & Ritzen, Jo, 2019. "No evidence of an oil curse: Natural resource abundance, capital formation and productivity," MERIT Working Papers 2019-023, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    10. Canuto, Otaviano, 2010. "Toward a Switchover of Locomotives in the Global Economy," World Bank - Economic Premise, The World Bank, issue 33, pages 1-6, September.
    11. repec:ocp:rpaper:rp-0524 is not listed on IDEAS
    12. repec:ocp:ppaper:pb19-14 is not listed on IDEAS
    13. Ongo Nkoa, Bruno Emmanuel & Song, Jacques Simon & Minkoue Bikoula, Brice, 2024. "Natural resource rents in developing countries: Is the positive influence on the fragilities real?," Resources Policy, Elsevier, vol. 89(C).
    14. Otaviano Canuto & Hajar Kabbach, 2023. "Gender inequality in the labor market: the case of Morocco," Research papers & Policy papers on Economic Trends and Policies 2309, Policy Center for the New South.
    15. Pierre-Richard Agénor, 2017. "Caught In The Middle? The Economics Of Middle-Income Traps," Journal of Economic Surveys, Wiley Blackwell, vol. 31(3), pages 771-791, July.
    16. Pierre-Richard Agénor & Otaviano Canuto & Michael Jelenic, 2012. "Avoiding Middle-Income Growth Traps," World Bank - Economic Premise, The World Bank, issue 98, pages 1-7, November.
    17. Óscar Afonso & Liliana Fonseca & Manuela Magalhães & Paulo B. Vasconcelos, 2021. "Directed technical change and environmental quality," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 20(1), pages 71-97, January.
    18. Kasekende, Elizabeth & Abuka, Charles & Sarr, Mare, 2016. "Extractive industries and corruption: Investigating the effectiveness of EITI as a scrutiny mechanism," Resources Policy, Elsevier, vol. 48(C), pages 117-128.
    19. Otaviano Canuto, 2020. "Brazil, South Korea: Two Tales of Climbing an Income Ladder," Policy briefs on Economic Trends and Policies 2038, Policy Center for the New South.
    20. Dutz, Mark A. & Sharma, Siddharth, 2012. "Green growth, technology and innovation," Policy Research Working Paper Series 5932, The World Bank.
    21. Otaviano Canuto, 2020. "Brazil, South Korea: Two Tales of Climbing an Income Ladder," Research papers & Policy papers on Economic Trends and Policies 2038, Policy Center for the New South.
    22. repec:jle:journl:121 is not listed on IDEAS
    23. Rudel, Thomas K., 2013. "Food Versus Fuel: Extractive Industries, Insecure Land Tenure, and Gaps in World Food Production," World Development, Elsevier, vol. 51(C), pages 62-70.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ocp:rpcoen:pp_19-12. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Policy Center for the New South's Customer service (email available below). General contact details of provider: https://edirc.repec.org/data/ocppcma.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.