Economics, Econometrics and Finance
5 years ago

Dependence on Non-Renewable Resources Hinders Economic Growth in Developing Countries

Resource Dependence and Economic Growth: Distinguishing between Renewable and Non-Renewable Commodities
Lieke van de Straat

Paper Summary

Resource-dependent countries in Sub-Saharan Africa and Latin America struggle to achieve sustained economic growth due to the negative impact of relying on non-renewable resources. A study from 1995-2016 found that dependence on non-renewable resources hinders economic growth more than dependence on renewable resources.

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