Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/211216
Authors: 
Henstridge, Mark
Year of Publication: 
2018
Series/Report no.: 
WIDER Working Paper No. 2018/178
Abstract: 
A significant natural resource discovery creates excited popular expectations of imminent wealth. But the size of a boom is usually overestimated and the delay in receiving revenues is underestimated. This paper takes stock of the sequencing, timing, and scale of the development of a natural resource endowment; reviews the 'resource curse' literature; looks at benchmarks of scale and timing so as to put potential booms into the context of the challenges of growth and structural change in Africa; and, finally, gathers together observations on policy and institutional changes.
Subjects: 
developing countries
economic development
institutions and economic growth
macroeconomics
non-renewable natural resources
JEL: 
O11
O13
O43
Q32
Q33
Q35
Persistent Identifier of the first edition: 
ISBN: 
978-92-9256-620-3
Document Type: 
Working Paper

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