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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 Commodities & Energy 1908, Policy Center for the New South.
    • Handle: RePEc:ocp:rpcoen:pp_19-12
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    4. Canuto, Otaviano & Cavallari, Matheus, 2012. "Natural Capital and the Resource Curse," World Bank - Economic Premise, The World Bank, issue 83, pages 1-6, May.
    5. 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.
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    7. Ivailo Izvorski & Souleymane Coulibaly & Djeneba Doumbia, 2018. "Reinvigorating Growth in Resource-Rich Sub-Saharan Africa," World Bank Publications - Reports 30399, The World Bank Group.
    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.
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