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Natural resources and national productivity in Africa: are there differences in high and low globalized economies?
Critical perspectives on international business ( IF 2.0 ) Pub Date : 2022-06-23 , DOI: 10.1108/cpoib-12-2021-0103
Solomon Nborkan Nakouwo , Daniel Ofori-Sasu , Baah Aye Kusi

Purpose

This paper aims to examine the effect of natural resources on the national productivity of high and low globalized economies in Africa.

Design/methodology/approach

This study uses two-step generalized method of moments dynamic panel data of 30 African economies between 2006 and 2016 to achieve the purpose of the study.

Findings

The results suggest that natural resources promote productivity within African economies regardless of the level of globalization. However, while natural resources have an overall enhancing effect on national productivity in both high and low globalized economies, the enhancing effect varies according to the forms of globalization. The findings of this study suggest that globalization can alter the nexus between natural resources and national productivity in Africa. The results imply that African Governments and their related policymakers can rely on globalization to promote the effect of natural resources on productivity of African economies.

Practical implications

This result is good and welcoming news, especially when natural resources in Africa have been described by prior studies as a curse to the continent. While globalization can be a tool for policymakers in Africa to deploy the positive effect of natural resources on national productivity, they might as well be careful as to which form of globalization they pursue, given that different forms and different levels or extent (high or low) of globalization yields different results on the nexus between natural resources and national productivity.

Originality/value

To the best of the authors’ knowledge, this study is the first of its kind to examine how natural resources affect national productivity in high and low globalized economies, especially in Africa.



中文翻译:

非洲的自然资源和国家生产力:高全球化经济体和低全球化经济体是否存在差异?

目的

本文旨在研究自然资源对非洲高全球化经济体和低全球化经济体的国家生产力的影响。

设计/方法/途径

本研究采用2006-2016年非洲30个经济体动态面板数据的两步广义矩法来达到研究目的。

发现

结果表明,无论全球化程度如何,自然资源都能促进非洲经济体的生产力。然而,尽管自然资源对全球化程度高和程度低的经济体的国民生产率具有整体增强作用,但增强作用因全球化形式而异。这项研究的结果表明,全球化可以改变非洲自然资源与国家生产力之间的联系。结果表明,非洲各国政府及其相关决策者可以依靠全球化来促进自然资源对非洲经济生产力的影响。

实际影响

这一结果是个好消息,尤其是当非洲的自然资源被先前的研究描述为对该大陆的诅咒时。虽然全球化可以成为非洲决策者利用自然资源对国家生产力产生积极影响的工具,但鉴于不同形式和不同水平或程度(高或低),他们不妨谨慎选择他们追求的全球化形式) 的全球化对自然资源和国家生产力之间的关系产生了不同的结果。

原创性/价值

据作者所知,这项研究是第一个研究自然资源如何影响全球化高经济体和低全球化经济体(尤其是非洲)的国家生产力的研究。

更新日期:2022-06-23
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