Does economic complexity provide antidotal pathways to evade the resource curse syndrome? A novel role for institutions DOI Creative Commons

Olaniyi Clement Olalekan,

Nicholas M. Odhiambo

Sustainable Development, Journal Year: 2024, Volume and Issue: unknown

Published: Nov. 26, 2024

Abstract This study offers the first empirical attempt to examine role of institutional quality in influencing contribution economic complexity evading resource curses and reducing dependency resource‐rich countries. We analyze data from 20 African countries covering years 1995–2021, using fully modified ordinary least squares, a Driscoll–Kraay nonparametric covariance matrix, method moments‐quantile regression. These predominantly suffer curses, dependence, weak complexity, deficient institutions. The findings reveal that has no direct potency spur less reliance on natural resources mitigate curses. Institutional quality, other hand, creates stimuli technical support facilitate dependence offer countermeasures evade Interestingly, strengthens by increasing knowledge‐based productive capacity, technological innovation, extending non‐resource sectors exports, promoting innovative business opportunities, fostering entrepreneurship, diversifying economies, mitigating concludes enables pave way primary policy implications suggest capacity countries' reduce provide strategies circumvent curse is contingent upon efficiency effectiveness their

Language: Английский

Finding explanations for weak economic complexity in resource-rich African countries: Exploring the role of natural resource endowment and institutional quality DOI
Clement Olalekan Olaniyi, Nicholas M. Odhiambo

Resources Policy, Journal Year: 2025, Volume and Issue: 101, P. 105455 - 105455

Published: Jan. 12, 2025

Language: Английский

Citations

3
Exploring novelties in the causal relationship between economic complexity and natural resource rent: Empirical insights from Nigeria and South Africa DOI Creative Commons

Olaniyi Clement Olalekan,

Odhiambo Nicholas Mbaya

Journal of Open Innovation Technology Market and Complexity, Journal Year: 2025, Volume and Issue: unknown, P. 100483 - 100483

Published: Jan. 1, 2025

Language: Английский

Citations

1
Does Financial Technology Fuel Economic Complexity? Empirical Insights from Africa DOI

Darius Hermann DJANI FEUZEU,

Arsene Mouongue Kelly

Next research., Journal Year: 2025, Volume and Issue: unknown, P. 100360 - 100360

Published: April 1, 2025

Language: Английский

Citations

0
Does economic complexity provide antidotal pathways to evade the resource curse syndrome? A novel role for institutions DOI Creative Commons

Olaniyi Clement Olalekan,

Nicholas M. Odhiambo

Sustainable Development, Journal Year: 2024, Volume and Issue: unknown

Published: Nov. 26, 2024

Abstract This study offers the first empirical attempt to examine role of institutional quality in influencing contribution economic complexity evading resource curses and reducing dependency resource‐rich countries. We analyze data from 20 African countries covering years 1995–2021, using fully modified ordinary least squares, a Driscoll–Kraay nonparametric covariance matrix, method moments‐quantile regression. These predominantly suffer curses, dependence, weak complexity, deficient institutions. The findings reveal that has no direct potency spur less reliance on natural resources mitigate curses. Institutional quality, other hand, creates stimuli technical support facilitate dependence offer countermeasures evade Interestingly, strengthens by increasing knowledge‐based productive capacity, technological innovation, extending non‐resource sectors exports, promoting innovative business opportunities, fostering entrepreneurship, diversifying economies, mitigating concludes enables pave way primary policy implications suggest capacity countries' reduce provide strategies circumvent curse is contingent upon efficiency effectiveness their

Language: Английский

Citations

3