Linking natural resource dependence and industrialization in sub-Saharan African countries

Nkemgha, Guivis Zeufack; Mve, Symphorin Engone; Mikala, Hermine Balouki; Tekam, Honoré

doi:10.1080/02692171.2021.1957786

Cited by 23 publications

(5 citation statements)

References 63 publications

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“…The findings indicate a significant negative effect of NR on TVA, with a 1% increase in NR leading to a decrease in TVA by 0.073% (see column 8). This confirms the crowding-out effect of natural resources on productive sectors in SSA, as previously reported by Asiamah et al [ 2 ] and Nkemgha et al [ 45 ]. On the other hand, FD has a positive impact on TVA, primarily through the path of financial institutions development.…”

Section: Presentation and Discussion Of Resultssupporting

confidence: 91%

“…Using data from 2005 to 2019 and a dynamic panel-data model, Asiamah et al [ 2 ] showed that economic reliance on natural resources has a negative impact on the growth of the manufacturing and services sectors in the region. Using a different sample from 2000 to 2016, Nkemgha et al [ 45 ] confirmed the negative impact of natural resource dependence on the manufacturing value addition to aggregate output in the region.…”

Section: Theoretical Considerations and Literature Reviewmentioning

confidence: 98%

“…The results showed that natural resources inhibit structural shifts in the industrial structure composition, but the effect diminishes as the quality of institutions improves. Studies such as Asiamah et al [ 2 ] and Nkemgha et al [ 45 ] found evidence to support the validity of the resource curse in SSA. Using data from 2005 to 2019 and a dynamic panel-data model, Asiamah et al [ 2 ] showed that economic reliance on natural resources has a negative impact on the growth of the manufacturing and services sectors in the region.…”

Section: Theoretical Considerations and Literature Reviewmentioning

confidence: 99%

See 2 more Smart Citations

Natural resources, financial development and structural transformation in Sub-Saharan Africa

Nwani,

Okezie,

Nwali

et al. 2023

Heliyon

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Section: Presentation and Discussion Of Resultssupporting

confidence: 91%

Section: Theoretical Considerations and Literature Reviewmentioning

confidence: 98%

Section: Theoretical Considerations and Literature Reviewmentioning

confidence: 99%

See 1 more Smart Citation

Natural resources, financial development and structural transformation in Sub-Saharan Africa

Nwani,

Okezie,

Nwali

et al. 2023

Heliyon

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“…It was anticipated by Norouzi and Fani [93] that using coal may boost economic development but at the expense of the environment. Coal rent, industrialization, and economic expansion were all linked by Nkemgha et al [94]. A high GDP per capita is correlated with fast industrialization, which is positively impacted by coal rent.…”

Section: Resultsmentioning

confidence: 96%

The Economic Value of Natural Resources and Its Implications for Pakistan’s Economic Growth

et al. 2022

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Natural resources and ecological services provide the foundation for manufactured capital, increasing public financing and decreasing inequality by diversifying the economy. The exploitation of natural resources is frequently the backbone of economic stability in developing and middle-income nations. As a result of their importance, natural resources need vigilant and long-term management. Recent research has tested two hypotheses, the natural resource blessing hypothesis and the natural resource curse hypothesis, on the impact of a country’s natural resources on its economy. This research is an essential contribution to the growing body of work that attempts to quantify natural resource endowments’ role in national economic growth. Investigations focus on Pakistan and span the years 1975 through 2020. Robust Least Square (RLS) estimations show that coal rents, energy use, inbound FDI, and oil rents contribute to a country’s economic growth. While consumption of renewable energy sources and industrial value-added have a detrimental effect. Natural resources, foreign direct investment, energy consumption, and industrial ecology are predicted to significantly impact economic growth during the next decade, according to the Impulse Response Function (IRF) and the Variance Decomposition Analysis (VDA). The findings may provide helpful information for academic and governmental institutions to develop natural resource management policies for sustainable development.

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“…This literature review provides an overview of relevant prior research that examines the relation between natural resources rents and economic performance in the context of G -7 countries. The effect of forest governance, governance, coal or mineral resource rental on the industrialization process across 27 economies in sub-Saharan Africa was researched by Nkemgha et al (2022) investigates how the reliance on natural resources impacts the process of industrial development in the context of sub -Saharan African economies. This literature review provides an overview of relevant prior research that explores the link between natural resource dependence and industrializa tion in the region.…”

Section: Literature Reviewmentioning

confidence: 99%

Dynamic linkage of Renewable Energy, Technology Innovation and Mineral Resource Demand in Resource Rich Economies

Faheem,

Ali,

Farooq

et al. 2023

RAMSS

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This investigates the relationship of renewable energy, technology innovation, economic growth, and the interaction between renewable energy and technology innovation with mineral resource demand in resource-rich economies (Russia, The USA, Brazil, Canada, Iran, Saudi Arabia, Australia, Venezuela, China, & Iraq). The research employs the dynamic common correlated effect (DCCE) method for the period from 1995 to 2021. The findings show that coefficients for RENR, TINO, TR, and EG are all statistically significant, indicating their significant positive long-term impact on the mineral resource demand. Increases in RENR, TINO, TR, and EG are associated with positive changes in the outcome variable over the long term. However, the coefficient of INTERM has a significant negative influence on the mineral resource demand in the long run. The findings provide valuable insights into the dynamic interrelationships between the model's variables. Policymakers should focus on policies that promote and enhance RENR, TINO, TR, and EG, as they positively influence the outcome variable in the long run. Additionally, policymakers should be cautious of the potential negative effects of changes in INTERM on the mineral resource demand over the long term and carefully assess policies affecting this variable.

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Linking natural resource dependence and industrialization in sub-Saharan African countries

Cited by 23 publications

References 63 publications

Natural resources, financial development and structural transformation in Sub-Saharan Africa

Natural resources, financial development and structural transformation in Sub-Saharan Africa

The Economic Value of Natural Resources and Its Implications for Pakistan’s Economic Growth

Dynamic linkage of Renewable Energy, Technology Innovation and Mineral Resource Demand in Resource Rich Economies

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