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Vérité sociale ou fausseté économique
[Social truth or economic falseness]

Author

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  • Izu, Akhenaton

Abstract

The inspiration of this paper comes from the clear divorce between the eloquent economic growth and rampant poverty of Congolese people. The originality of this work is to get information from the economic structure for explaining this divorce. In the one hand, the predator government, the selling off natural resources and the lack of interaction between the below economy and the supra economy are the main causes of this divorce. In the other hand, the econometric estimations tell us that the rent of natural resources has a negative impact on GDP per capita to the point that of the rent increases of 1% of GDP, this leads to 23$ reduction of GDP per capita, while the physical capital stock increases of 0.62% when the natural resources rent grows of 1% of GDP. Therefore, the growth taken from the natural resources extraction has a negative impact on Congolese people social life.

Suggested Citation

  • Izu, Akhenaton, 2015. "Vérité sociale ou fausseté économique [Social truth or economic falseness]," MPRA Paper 67804, University Library of Munich, Germany, revised 13 Jul 2015.
    • Handle: RePEc:pra:mprapa:67804
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    References listed on IDEAS

    as
    1. Dollar, David & Kraay, Aart, 2002. "Growth Is Good for the Poor," Journal of Economic Growth, Springer, vol. 7(3), pages 195-225, September.
    2. Nanak Kakwani & Shahid Khandker & Hyun H. Son, 2004. "Pro-poor growth: concepts and measurement with country case studies," Working Papers 1, International Policy Centre for Inclusive Growth.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Economic growth; Economic structure; Natural resources; Social life;
    All these keywords.

    JEL classification:

    • I30 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • P59 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Other

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