Contribution du Capital Humain dans transmission des effets de l’abondance en ressources naturelles au développement économique des pays de la CEMAC

Contribution of Human Capital in transmitting the effects of the abundance of natural resources to the economic development of CEMAC countries

Salomon Leroy Ghamsi Deffo, Ajoumessi Donal and Gyslin Hermann Dasi Yemkwa

MPRA Paper from University Library of Munich, Germany

Abstract: Recent studies have shown that economies rich in natural resources (NR) are generally less developed than those which do not have them. However, the CEMAC countries are not excluded from this observation; hence the aim of our study is to determine on the first hand the effects of natural resources on economic development in CEMAC countries and on the other hand, analyze the contribution of human capital in the transmission of these effects. Results of the estimation by the fixed-effect method show that the abundance of natural resources measured by: total rent, oil rent and forest rent has a negative and significant effect on economic development. Likewise, human capital contributes to the transmission of these effects. The minimum education rate beyond which natural resources no longer have a negative effect on economic development, measured by the logarithm of GDP, is approximately 0.52, 0.51 and 0.48 respectively when considering total rent, oil rent and forest rent. This result is confirmed when using two stages least squared and maximum likelihood method.

Keywords: Natural rent; economic development; human capital (search for similar items in EconPapers)
JEL-codes: A1 E0 Q0 Q3 (search for similar items in EconPapers)
Date: 2020-12-03
New Economics Papers: this item is included in nep-env and nep-mac
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