This study aims to investigate the effects of mineral rents, conflict and population growth on countries' growth, with a specific interest in 13 selected economies in Sub-Saharan…
Abstract
Purpose
This study aims to investigate the effects of mineral rents, conflict and population growth on countries' growth, with a specific interest in 13 selected economies in Sub-Saharan Africa.
Design/methodology/approach
This paper uses a combination of research methods: the pooled ordinary least squares (OLS), the fixed effect and the system generalized method of moment (GMM). The consistent estimator (system GMM), which provides the paper's empirical findings, remedies the inherent endogeneity bias in the model formulation. The utilized panel dataset for the study spans from 1980 to 2022.
Findings
The study suggests that mineral rents positively affect countries' growth by about 0.407 percentage points in the short run. The study further demonstrates the long-run negative impacts of population growth rates and prevalence of civil war on economic growth. The empirical work of the study reveals that an increase in the number of international borders within the group promotes mineral conflicts, which impedes economic growth. Evidence from the specification tests performed in the study confirmed the validity of the empirical results.
Social implications
Mineral rents, if well managed and conditioned on good institutions, are a blessing to an economy, contrary to the assumptions that mineral resources are a curse. The utilization of mineral rents in Sub-Saharan Africa for economic growth depends on several factors, notably the level of mineral conflicts, population growth rates, institutional factors and the ability to contain civil war, among others.
Originality/value
This study is the first attempt in the post-coronavirus disease 2019 (COVID-19) era to revisit the investigation of the impacts of mineral rents, conflict and population growth rates on the countries' growth while controlling for the potential implications of the qualities of institutions. One of the significant contributions of the study is the identification of high population growth rates as one of the primary drivers of mineral conflicts that impede economic growth in the states with enormous mineral deposits in Sub-Saharan Africa. The crucial inference drawn from the study is that mineral rents positively impact countries' growth, even with inherent institutional challenges, although the results could be better with good institutions.
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With increasing marine resource development, the rapid development of the marine economy, and the continuous decline of the marine natural resource system, the contradiction…
Abstract
Purpose
With increasing marine resource development, the rapid development of the marine economy, and the continuous decline of the marine natural resource system, the contradiction between marine resources and economic development is becoming increasingly acute. The study of marine resources and economic development has become a hot and challenging issue in marine resource economics research in recent years. The purpose of this study is to analyze the current situation of marine resources and to realize the sustainable use of marine resources.
Design/methodology/approach
This study systematically reviews and analyzes the current status of research on marine resources and economic development issues in four main aspects: marine resource management, marine resources and economic growth, marine resources and economic security, and marine resource accounting in the field of marine resource economics.
Findings
It is found that compared to the current status of research on land-based resources and economic development, there is a significant lag in both theoretical construction and methodological innovation in marine resources and economic development.
Originality/value
The purpose of this study is to systematically grasp the current status of marine resources research, promote the coordinated development of marine resources and economic growth, and then realize the safe and sustainable development and utilization of marine resources.
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Simplice Asongu and Gracia M. Mosunga
The study aims to assess how government revenue can moderate the negative effect of extractive industries on female economic participation.
Abstract
Purpose
The study aims to assess how government revenue can moderate the negative effect of extractive industries on female economic participation.
Design/methodology/approach
The focus is on the Democratic Republic of Congo using data for the period 1991–2022. The empirical evidence is based on the autoregressive distributed lag estimation approach.
Findings
It is established from the findings that extractive industries have a negative unconditional effect on female economic participation, while government revenue dampens the negative effect of extractive industries on female economic participation. Furthermore, there are critical levels of government revenue that should be reached in order for extractive industries to no longer have a negative effect on female economic participation. The corresponding government revenue thresholds are 8.9032 (% of gross domestic product (GDP)) in the short run and 14.3529 (% of GDP) in the long run. Above these thresholds, the interaction between extractive industries and government revenue yields positive outcomes on female economic participation. Policy implications are discussed.
Originality/value
The present study contributes to the extant literature by assessing how government income can moderate the negative effect of extractive industries on female economic participation.
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Dimitrios Buhalis, Xi Yu Leung, Daisy Fan, Simon Darcy, Ganghua Chen, Feifei Xu, Garry Wei-Han Tan, Robin Nunkoo and Anna Farmaki