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| Guivis Zeufack Nkemgha, Vladimir Kengne and Armel Peuwo Djouaka |
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| ''Does the exploitation of natural resources promote the industrialization of African countries?'' |
| ( 2021, Vol. 41 No.3 ) |
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Despite the growing literature on natural resources, little is known about the effect of natural resources on industrialization, particularly in African countries. This study investigates how natural resources affect industrialization process in 28 African countries over the period 1998-2014. Two industrialization indicators (consisting of added value of manufacturing sector and added value of industry) are used. The empirical evidence is based on Ordinary Least Squared (OLS), system Generalized Method Moments (GMM) and Quantile Regression (QR). The results show that natural resources hamper industrialization in African countries. |
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| Keywords: natural resources, industrialization, African countries |
JEL: L6 - Industry Studies: Manufacturing: General
Q0 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics: General |
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| Manuscript Received : Dec 24 2020 | | Manuscript Accepted : Sep 17 2021 |
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