ON THE DILEMMAS OF NATURAL RESOURCE RENTS AND THE WEALTH OF THEIR CITIZENS: CASE OF ANGOLA AND NORWAY

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Published: Apr 7, 2023
DOI: https://doi.org/10.52783/rlj.v11i8s.1287
Keywords:
Dutch disease revenues from natural resource exploitation as % of GDP GDP per capita.

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FREDYS ALBERTO SIMANCA HERRERA, JULIÁN RICARDO ROMERO GARIBELLO, JAIRO JAMITH PALACIOS ROZO, LUGO MANUEL BARBOSA GUERRERO, OSCAR ORLANDO MARTÍNEZ LADINO

Abstract

Since the very dawn of humanity, the possession of natural resources has claimed an important participation in the debate, elements such as the accumulation of precious metals, the government of nature, market freedom, government intervention in the economy, the impacts of these situations, the participation of academia in the investigation of these phenomena as contributors to the welfare of their inhabitants is necessary. Thus, it is decided to investigate the contribution of natural resource rents to the GDP per capita for two nations that are producers of this type of resources, Norway and Angola, in a 2011-2020 window within the framework of a model that aims to find a useful regression coefficient to forecast the behavior of the two variables for the model in the case of Norway, In the case of Angola, which registered a weak Pearson correlation and a negative Spearman correlation compared to its Nordic peer, there is linearity and correlations in the relationship between natural resource rents and GDP per capita. 

Article Details

Issue
Vol. 11 No. 8s (2023)
Section
Financial Law
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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Author Biography

FREDYS ALBERTO SIMANCA HERRERA, JULIÁN RICARDO ROMERO GARIBELLO, JAIRO JAMITH PALACIOS ROZO, LUGO MANUEL BARBOSA GUERRERO, OSCAR ORLANDO MARTÍNEZ LADINO

1Fredys Alberto Simanca Herrera, 2Julián Ricardo Romero Garibello, 3Jairo Jamith Palacios Rozo, 4Lugo Manuel Barbosa Guerrero, 5Oscar Orlando Martínez Ladino,

1Professor at the Universidad Cooperativa de Colombia, Doctor in Knowledge Society,

2 Master in Business Administration MBA,

Teacher at the Universidad Colegio Mayor de Cundinamarca

3 Professor of the Universidad Colegio Mayor de Cundinamarca

4Professor of the Universidad Colegio Mayor de Cundinamarca

5 Doctoral Candidate in Administration Universidad de Celaya

Staff teacher at the Universidad Colegio Mayor de Cundinamarca

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