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1. Introduction -- 2. Developing country growth and the commodity terms of trade -- 3. The statistical properites of commodity prices -- 4. Country case studies : primary commodities and economic development -- 5. Conclusion : commodity dependence in developing countries: economic destiny or...
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case studies the two African countries, Botswana and Nigeria.Using distributed-lag analysis, the paper finds that the … supportive of the 'resource curse' hypothesis for Nigeria, but not for Botswana.I further argue that the superior institutional … quality in Botswana, relative to Nigeria, is likely responsible for the contrasting results. However, Nigeria appears to be …
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