For a growing number of countries in Africa the discovery and exploitation of natural resources is a great opportunity, but one accompanied by considerable risks. This book presents research on how to better manage the revenues and opportunities associated with natural resources.

The present thesis studies the consequences of the financial expansion initiated at the end of The Glorious Thirty to spur a declining economic growth. Incidentally, this work questions the issue of measuring economic regularities through econometric tools. Thus, the first chapter carries out an...