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Do Resource Windfalls Improve the Standard of Living in Sub-Saharan African Countries? :, Evidence from a Panel of Countries, Munseob Lee, Cheikh Gueye

Abstract
We examine the impact of resource windfall on the standard of living both in the short-run and long-run, using a sample of 130 countries, 1963-2007. Then, we systematically investigate the effect of resource windfall on welfare in three different groups of countries: We find that in the short-run resource windfall is welfare enhancing in the whole sample, especially via increases in income and decreases in inequality. However, in SSA countries, the size of welfare improvement is small and it is smaller and almost zero after one year in fragile Sub-Saharan African (SSA) countries. In the whole sample, a resource windfall shock leads to significant welfare growth even in the long-run, but we couldn’t find any significant long-run effect of resource windfall in SSA countries
Table Of Contents
Cover Page; Title Page; Copyright Page; Contents; TABLES; FIGURES; I. BACKGROUND AND MOTIVATION; 1. Natural Resource Rents (percent of GDP) in 2012; 2. Natural Resource Rents (percent of GDP) in SSA Countries, 1990-2010; 3. GDP Per Capita and HDI in SSA Countries; 4. Corruption and Natural Resource Rents in Sub-Saharan Africa; 5. Competitiveness and Natural Resource Rents in Sub-Saharan Africa; 6. Resource Governance Index in 2013 by Continents; II. STYLIZED FACTS; 7. Resource-Rich Countries in SSA: Natural Resource Rents
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (60 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781484336588

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