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Home > Journal

Mixed Blessings in Africa. Does Oil Windfall Lead to Economic Downfall?

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I. Ackah
Ackah, Ishmael
L. Ahunu
Ahunu, Linda
E. Graham
Graham, Emmanuel
B. Boakye
Boakye, Benjamin

Article from: OGEL 6 (2015), in Africa

Abstract

The sustainable development of oil and gas resources requires policies, principles, and practices that support the utilization of resources in a manner that does not prevent future generations from benefiting from such resources. An overview of transparency initiatives in selected African countries is provided. A panel GMM is applied to estimate the effect of governance indicators and oil revenues on GDP. The study finds that oil revenues enhance economic growth but corruption retards economic growth. It is recommended African countries should build strong governance ...

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Suggested Citation

I. Ackah; L. Ahunu; E. Graham; B. Boakye; "Mixed Blessings in Africa. Does Oil Windfall Lead to Economic Downfall?"
OGEL 6 (2015), www.ogel.org

URL: www.ogel.org/article.asp?key=3760

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