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 …

Botswana is typical of the countries that are endowed with abundant natural resources. Although it is commonly accepted … that resource-rich economies tend to fail in accelerating growth, Botswana has experienced the most remarkable economic …

A reaction function is estimated for interest rates set by the Bank of Botswana since financial liberalisation …