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

Adebiyi Oyeyemi Omodadepo; Olomola Philip Akanni

doi:doi:10.11648/j.jwer.20130203.12

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

Adebiyi Oyeyemi Omodadepo, Olomola Philip Akanni

Published in Journal of World Economic Research (Volume 2, Issue 3)

Received: 12 June 2013 Accepted: Published: 30 June 2013

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Abstract

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 oil wealth, human capital and economic growth for both countries.

Published in	Journal of World Economic Research (Volume 2, Issue 3)
DOI	10.11648/j.jwer.20130203.12
Page(s)	39-44
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Resource Curse, Oil Wealth, Human Capital, Economic Growth

References

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[7]	Manning, A. (2002). "Human Capital as Transmission Mechanism of the Resource Curse," The Park Place Economists, XII.
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APA Style

Adebiyi Oyeyemi Omodadepo, Olomola Philip Akanni. (2013). Oil Wealth; Meat in Norway, Poison in Nigeria: An Analysis of Human Capital as a Transmission Channel of Resource Curse. Journal of World Economic Research, 2(3), 39-44. https://doi.org/10.11648/j.jwer.20130203.12

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ACS Style

Adebiyi Oyeyemi Omodadepo; Olomola Philip Akanni. Oil Wealth; Meat in Norway, Poison in Nigeria: An Analysis of Human Capital as a Transmission Channel of Resource Curse. J. World Econ. Res. 2013, 2(3), 39-44. doi: 10.11648/j.jwer.20130203.12

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AMA Style

Adebiyi Oyeyemi Omodadepo, Olomola Philip Akanni. Oil Wealth; Meat in Norway, Poison in Nigeria: An Analysis of Human Capital as a Transmission Channel of Resource Curse. J World Econ Res. 2013;2(3):39-44. doi: 10.11648/j.jwer.20130203.12

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@article{10.11648/j.jwer.20130203.12,
  author = {Adebiyi Oyeyemi Omodadepo and Olomola Philip Akanni},
  title = {Oil Wealth; Meat in Norway, Poison in Nigeria: An Analysis of Human Capital as a Transmission Channel of Resource Curse},
  journal = {Journal of World Economic Research},
  volume = {2},
  number = {3},
  pages = {39-44},
  doi = {10.11648/j.jwer.20130203.12},
  url = {https://doi.org/10.11648/j.jwer.20130203.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jwer.20130203.12},
  abstract = {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 oil wealth, human capital and economic growth for both countries.},
 year = {2013}
}

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TY  - JOUR
T1  - Oil Wealth; Meat in Norway, Poison in Nigeria: An Analysis of Human Capital as a Transmission Channel of Resource Curse
AU  - Adebiyi Oyeyemi Omodadepo
AU  - Olomola Philip Akanni
Y1  - 2013/06/30
PY  - 2013
N1  - https://doi.org/10.11648/j.jwer.20130203.12
DO  - 10.11648/j.jwer.20130203.12
T2  - Journal of World Economic Research
JF  - Journal of World Economic Research
JO  - Journal of World Economic Research
SP  - 39
EP  - 44
PB  - Science Publishing Group
SN  - 2328-7748
UR  - https://doi.org/10.11648/j.jwer.20130203.12
AB  - 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 oil wealth, human capital and economic growth for both countries.
VL  - 2
IS  - 3
ER  -

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Author Information

Adebiyi Oyeyemi Omodadepo

Department of Economics Accounting and Finance, College of Management Sciences, Bells University of Technology, Ota, Ogun State, Nigeria
Olomola Philip Akanni

Department of Economics, Faculty of Social Sciences, Obafemi Awolowo University, Ile-Ife, Osun State, Nigeria

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APA Style

Adebiyi Oyeyemi Omodadepo, Olomola Philip Akanni. (2013). Oil Wealth; Meat in Norway, Poison in Nigeria: An Analysis of Human Capital as a Transmission Channel of Resource Curse. Journal of World Economic Research, 2(3), 39-44. https://doi.org/10.11648/j.jwer.20130203.12

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ACS Style

Adebiyi Oyeyemi Omodadepo; Olomola Philip Akanni. Oil Wealth; Meat in Norway, Poison in Nigeria: An Analysis of Human Capital as a Transmission Channel of Resource Curse. J. World Econ. Res. 2013, 2(3), 39-44. doi: 10.11648/j.jwer.20130203.12

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AMA Style

Adebiyi Oyeyemi Omodadepo, Olomola Philip Akanni. Oil Wealth; Meat in Norway, Poison in Nigeria: An Analysis of Human Capital as a Transmission Channel of Resource Curse. J World Econ Res. 2013;2(3):39-44. doi: 10.11648/j.jwer.20130203.12

Copy | Download

@article{10.11648/j.jwer.20130203.12,
  author = {Adebiyi Oyeyemi Omodadepo and Olomola Philip Akanni},
  title = {Oil Wealth; Meat in Norway, Poison in Nigeria: An Analysis of Human Capital as a Transmission Channel of Resource Curse},
  journal = {Journal of World Economic Research},
  volume = {2},
  number = {3},
  pages = {39-44},
  doi = {10.11648/j.jwer.20130203.12},
  url = {https://doi.org/10.11648/j.jwer.20130203.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jwer.20130203.12},
  abstract = {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 oil wealth, human capital and economic growth for both countries.},
 year = {2013}
}

Copy | Download

TY  - JOUR
T1  - Oil Wealth; Meat in Norway, Poison in Nigeria: An Analysis of Human Capital as a Transmission Channel of Resource Curse
AU  - Adebiyi Oyeyemi Omodadepo
AU  - Olomola Philip Akanni
Y1  - 2013/06/30
PY  - 2013
N1  - https://doi.org/10.11648/j.jwer.20130203.12
DO  - 10.11648/j.jwer.20130203.12
T2  - Journal of World Economic Research
JF  - Journal of World Economic Research
JO  - Journal of World Economic Research
SP  - 39
EP  - 44
PB  - Science Publishing Group
SN  - 2328-7748
UR  - https://doi.org/10.11648/j.jwer.20130203.12
AB  - 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 oil wealth, human capital and economic growth for both countries.
VL  - 2
IS  - 3
ER  -

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