Natural resource dependence and the Dutch disease: Evidence from Sub-Saharan Africa

Asiamah, Oliver; Agyei, Samuel Kwaku; Bossman, Ahmed; Agyei, Ellen Animah

doi:10.1016/j.resourpol.2022.103042

Cited by 15 publications

(24 citation statements)

References 31 publications

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“…FDI may also inhibit the growth of the manufacturing sector when other sectors of the economy predominantly attract such FDI. This result contradicts the findings of Asiamah et al (2022), who report an insignificant relationship between FDI and growth in the manufacturing sector. However, the result for government expenditure is counter-intuitive since government spending is expected to cushion disposable income, which increases the demand for goods and services.…”

Section: Discussion Of Regression Resultscontrasting

confidence: 99%

“…The study uses Equation (1) to examine whether information coverage by ISOs contributes to sectorial and overall economic growth. The model was developed from previous studies such as Asiamah et al (2022) and Adika (2020).…”

Section: Methodsmentioning

confidence: 99%

“…However, Table 6 shows mixed results for the relationship between growth in agricultural value-added and both natural resource rents and FDI. Some studies, such as Asiamah et al (2022), find mixed results for the relationship between FDI and agricultural value-added whilst Apergis and Payne (2014) find that the relationship between natural resource dependence and growth is mixed and usually depends on institutional quality. The results from Tables 4-6 highlight that coverage of information by ISOs positively affects the growth of the manufacturing, services, and agriculture sectors.…”

Section: Notementioning

confidence: 99%

“…Lartey et al (2018) indicate that inflation has a deleterious impact on economic growth. In addition, some studies postulate that quality institutions create an environment that stimulates economic growth (Asiamah et al, 2022). Some economic studies also report that trade openness promotes economic growth (Arezki & Van der Ploeg, 2011; Majumder et al, 2020).…”

Section: Literature Reviewmentioning

confidence: 99%

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Information sharing offices and economic growth in sub‐Saharan Africa

Asiamah

Agyei²

2023

African Development Review

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Although credit availability is essential for economic growth, the information asymmetry problem inhibits the credit creation function of financial institutions. Among other means, information‐sharing offices (ISOs) have been established, including private credit bureaus and public credit registries to provide information on the financial characteristics of citizens to reduce information asymmetry. From this background, this study used an explanatory research design with a longitudinal (panel) data approach to assess whether the coverage of information by ISOs affects sectorial and overall economic growth among sub‐Saharan African (SSA) countries using the system generalized method of moments technique on data from 2005 to 2019. The results highlight that information coverage by ISOs enhances sectorial and overall economic growth by solving the information asymmetry problem. From the findings, governments in SSA countries are encouraged to support public credit registries to effectively perform their mandate while providing incentives to attract investments in private credit bureaus since they contribute to economic growth.

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Section: Discussion Of Regression Resultscontrasting

confidence: 99%

Section: Methodsmentioning

confidence: 99%

Section: Notementioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

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Information sharing offices and economic growth in sub‐Saharan Africa

Asiamah

Agyei²

2023

African Development Review

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“…However, the economy also has a negative effects on the environment through its byproducts such as waste and emissions. The manufacturing process is dependent on the utilization of natural resources, while simultaneously contributing to environmental stress (Aftab et al 2022 ; Asiamah et al 2022 ; Filimonova et al 2020 ). There is a vicious cycle caused by the deterioration of environmental quality, which impacts not just the quality and quantity of accessible resources as well as the psychological and physical well-being of people (Davidson et al 2021 ; OECD 2016 ).…”

Section: Introductionmentioning

confidence: 99%

Resource productivity and environmental degradation in EU-27 countries: context of material footprint

Mushafiq

Prusak

2023

Environ Sci Pollut Res

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This study explores the relationship between the resource productivity and environmental degradation in European Union-27 countries. This study tests this relationship in context of high, moderate, and low material footprint sub-samples; these samples are formed utilizing the expectation–maximization machine learning algorithm. Using the panel data set of EU-27 countries from 2000 to 2020, linear and non-linear autoregressive distributed lag (ARDL) are applied for the symmetric and asymmetric evidence and to test environmental Kuznets curve (EKC), linear ARDL with the quadratic function is included. Results of the symmetric relationship find evidence of resource productivity’s impact on the environmental degradation. In full sample of EU-27, both symmetric and asymmetric methods show that the short run and long run increase of resource productivity lower the environmental degradation. Only long run asymmetric relationship in high material footprint subsamples supports that the resource productivity controls environmental degradation. Results of moderate material footprint sub-sample are mixed. However, low material footprint countries show that resource productivity in long run controls the environmental degradation in symmetry and only positive resource controls productivity in short run in asymmetric relationship. The reason for mixed results is the quadratic nature of sub-samples. EKC hypothesis is validated in moderate and low material footprint sub-samples. This research has many policy implications.

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Reimagining Natural Resources Governance in Africa: Is Digitalization the Game Changer?

Arthur

2023

International Political Economy Series

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Natural resource dependence and the Dutch disease: Evidence from Sub-Saharan Africa

Cited by 15 publications

References 31 publications

Information sharing offices and economic growth in sub‐Saharan Africa

Information sharing offices and economic growth in sub‐Saharan Africa

Resource productivity and environmental degradation in EU-27 countries: context of material footprint

Reimagining Natural Resources Governance in Africa: Is Digitalization the Game Changer?

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