In continuation to understanding how Nigeria is emblematic of a resource curse model nation, this study presented an intricate look at national, regional and global data-sets which provided credence the hypothesis that country indeed cursed archetype. While report compelling evidence showed oil as has been bane on growth Nigerian economy, with implicit structural disturbances occasioned by poor...

A surprising feature of resource-rich economies is slow growth. It is often argued that natural-resource production impedes development by creating market or institutional failures. This paper establishes an alternative explanation a slow-growing resource sector. A declining resource sector is disproportionally re ected in resource-dependent countries but appears to have little a ect on the res...

Once an economy starts to specialize heavily in the extraction and export of natural resources, several negative repercussions in the wider domestic economy tend to arise. Such problems are often described as the “paradox of plenty” or the “resource curse” and they have occurred both in developed and developing countries. This paper summarizes the current debates surrounding the “resource curse...

It is striking how often countries with oil or other natural resource wealth have failed to grow more rapidly than those without. This is the phenomenon known as the Natural Resource Curse. The principle is not confined to individual anecdotes or case studies, but has been borne out in econometric tests of the determinants of economic performance across a comprehensive sample of countries. The ...