Natural Resources, Institutions, and Economic Growth : The Case of Nigeria
Using growth regressions with panel data, this study identifies the determinants of economic growth, highlighting in particular the role of natural resources and institutional quality. The overarching aim of this exercise is to learn about the driv...
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| Language: | English en_US |
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World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/294851500559537935/Natural-resources-institutions-and-economic-growth-the-case-of-Nigeria http://hdl.handle.net/10986/27960 |
| Summary: | Using growth regressions with panel
data, this study identifies the determinants of economic
growth, highlighting in particular the role of natural
resources and institutional quality. The overarching aim of
this exercise is to learn about the drivers of growth in
Nigeria, and to predict growth rates of gross domestic
product per capita for the country under different
scenarios. This study finds that a growth-enhancing effect
of natural resources is tied to a sound institutional
environment and low levels of corruption. Accumulation of
human as well as physical capital, but also the quality of
institutions and natural resource rents are estimated to be
particular important ingredients for a prosperous economic
development in Nigeria. |
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