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Oil Wealth; Meat in Norway, Poison in Nigeria: An Analysis of Human Capital as a Transmission Channel of Resource Curse

The study examined the resource curse hypothesis on Nigeria, an oil rich but poor country and Norway, an oil rich and rich country. Human capital was the transmission channel explored in this study. The VAR was used to test annual data from 1970-2007. The result showed that oil wealth led to economic growth in both countries. Oil wealth led to improve human capital in Norway, but led to negative human capital in Nigeria. Our result is not consistent with our expectation yet human capital remains as a transmission channel to growth in both countries. Also, a long run relationship exists among o…

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    from https://article.sciencepublishinggroup.com/pdf/10.11648.j.ss.20130206.12.pdf