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Author Sala-i-Martin, Xavier

Title Addressing the natural resource curse : an illustration from Nigeria / Xavier Sala-i-Martin, Arvind Subramanian
Published Cambridge, Mass. : National Bureau of Economic Research, ©2003

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Description 1 online resource (1 volume) : illustrations
Series NBER working paper series ; no. 9804
Working paper series (National Bureau of Economic Research) ; no. 9804.
Summary Abstract: Some natural resources -- oil and minerals in particular -- exert a negative and nonlinear impact on growth via their deleterious impact on institutional quality. We show this result to be very robust. The Nigerian experience provides telling confirmation of this aspect of natural resources. Waste and corruption from oil rather than Dutch disease has been responsible for its poor long run economic performance. We propose a solution for addressing this resource curse which involves directly distributing the oil revenues to the public. Even with all the difficulties of corruption and inefficiency that will no doubt plague its actual implementation, our proposal will, at the least, be vastly superior to the status quo. At best, however, it could fundamentally improve the quality of public institutions and, as a result, transform economics and politics in Nigeria
Bibliography Includes bibliographical references
Notes "June 2003."
Content as of: Aug. 2003; title from the resource itself
Print version record
Subject Petroleum -- Nigeria
Natural resources -- Nigeria
Economic history.
Natural resources.
Petroleum.
Social conditions
Economic Development.
Economic Growth and Aggregate Productivity.
SUBJECT Nigeria -- Economic conditions. http://id.loc.gov/authorities/subjects/sh85091858
Nigeria -- Social conditions. http://id.loc.gov/authorities/subjects/sh85091887
Subject Nigeria.
Form Electronic book
Author Subramanian, Arvind
National Bureau of Economic Research.