Did Botswana Escape from the Resource Curse?
By Atsushi Iimi. Social Science Research Network, 2006
134 citations recorded by the source corpus.
Botswana is typical of the countries that are endowed with abundant natural resources. Although it is commonly accepted that resource-rich economies tend to fail in accelerating growth, Botswana has experienced the most remarkable economic performance in the region. Using the latest cross-country data, this study empirically readdresses the question of whether resource abundance can contribute to growth. It finds that governance determines the extent to which the growth effects of resource wealth can materialize. In developing countries in particular, the quality of regulation, such as the predictability of changes of regulations, and anticorruption policies, such as transparency and accountability in the public sector, are most important for effective natural resource management and growth.
Subfields: Building and Construction, Development, Economics and Econometrics
View Paper: https://www.semanticscholar.org/paper/f923d64505593f1ad1dc6acb48ff0f303c6dd951
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Citations in the corpus
- The Growing Relationship Between China and Sub-Saharan Africa (2007, background): “Jenkins and Edwards (2005) identify several direct impact channels: growth of African exports to China (complementarity effect), increased competition from China in third-country markets (competitive effect), increased competition of China in African country markets (competitive effect), and effects”
- Diamonds or development? A structural assessment of Botswana's forty years of success (2008, background): “…for the success story is found mainly in limited colonial influence, good political institutions, wise leaders and prudent economic policy (see e.g. Acemoglu et al. 2003; Beaulier & Subrick 2006; Harvey & Lewis 1990; Iimi 2006; Leith 2005; Mpabanga 1997; Owusu & Samatar 1997; Samatar 1999).”
- Natural Resources and the ‘Quality’ of Economic Development (2011, background): “…— tend to be too deterministic, neglecting the role of national policies (Auty, 2001: 9; Davis and Tilton, 2005), while, from an empirical point of view, terms of trade result as a non-significant variable in crosscountry regressions on growth (Sala-i-Martin and Subramanian, 2003; Iimi, 2006).”