Home » Ghana: Will It Be Gifted or Will It Be Cursed? by Burcu Aydin
Ghana: Will It Be Gifted or Will It Be Cursed? Burcu Aydin

Ghana: Will It Be Gifted or Will It Be Cursed?

Burcu Aydin

Published May 1st 2011
ISBN : 9786613870148
ebook
43 pages
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 About the Book 

Will Ghanas oil production from 2011 accelerate progress toward middle-income status, or will it retard gains in living standards through a possible resource curse? This paper examines the likelihood of resource curse effects, drawing on aMoreWill Ghanas oil production from 2011 accelerate progress toward middle-income status, or will it retard gains in living standards through a possible resource curse? This paper examines the likelihood of resource curse effects, drawing on a dataset of 150 low and middle income countries from 1973 to 2008 using static and dynamic panel estimation techniques. Results confirm that resource rich countries in Ghanas income range do experience slower growth than their more diversified peers, an effect that appears to be related to weaker governance. Provided that Ghana can preserve and improve its economic governance and also strengthen fiscal management, prospects look good for converting its oil wealth into sustained strong economic growth.