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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Main Author:	Raggl, Anna K.
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2017
Subjects:	ECONOMIC GROWTH NATURAL RESOURCES INSTITUTIONS CORRUPTION
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

id	okr-10986-27960
recordtype	oai_dc
spelling	okr-10986-279602021-06-08T14:42:48Z Natural Resources, Institutions, and Economic Growth : The Case of Nigeria Raggl, Anna K. ECONOMIC GROWTH NATURAL RESOURCES INSTITUTIONS CORRUPTION 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. 2017-08-24T20:07:21Z 2017-08-24T20:07:21Z 2017-07 Working Paper http://documents.worldbank.org/curated/en/294851500559537935/Natural-resources-institutions-and-economic-growth-the-case-of-Nigeria http://hdl.handle.net/10986/27960 English en_US Policy Research Working Paper;No. 8153 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper Africa Nigeria
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ECONOMIC GROWTH NATURAL RESOURCES INSTITUTIONS CORRUPTION
spellingShingle	ECONOMIC GROWTH NATURAL RESOURCES INSTITUTIONS CORRUPTION Raggl, Anna K. Natural Resources, Institutions, and Economic Growth : The Case of Nigeria
geographic_facet	Africa Nigeria
relation	Policy Research Working Paper;No. 8153
description	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.
format	Working Paper
author	Raggl, Anna K.
author_facet	Raggl, Anna K.
author_sort	Raggl, Anna K.
title	Natural Resources, Institutions, and Economic Growth : The Case of Nigeria
title_short	Natural Resources, Institutions, and Economic Growth : The Case of Nigeria
title_full	Natural Resources, Institutions, and Economic Growth : The Case of Nigeria
title_fullStr	Natural Resources, Institutions, and Economic Growth : The Case of Nigeria
title_full_unstemmed	Natural Resources, Institutions, and Economic Growth : The Case of Nigeria
title_sort	natural resources, institutions, and economic growth : the case of nigeria
publisher	World Bank, Washington, DC
publishDate	2017
url	http://documents.worldbank.org/curated/en/294851500559537935/Natural-resources-institutions-and-economic-growth-the-case-of-Nigeria http://hdl.handle.net/10986/27960
_version_	1764466235261583360

Natural Resources, Institutions, and Economic Growth : The Case of Nigeria

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