THE IMPACT OF NATURAL RESOURCE EXTRACTION ON THE ECONOMIC GROWTH OF THE DEMOCRATIC REPUBLIC OF CONGO IN THE SHORT AND LONG RUN /
Nsaka, Modeste Kakudji,
THE IMPACT OF NATURAL RESOURCE EXTRACTION ON THE ECONOMIC GROWTH OF THE DEMOCRATIC REPUBLIC OF CONGO IN THE SHORT AND LONG RUN / MODESTE KAKUDJI NSAKA ; SUPERVISOR, ASSOC. PROF. DR. DEMET BETON KALMAZ - 59 sheets; 30 cm +1 CD ROM
Thesis (MBA) - Cyprus International University. Institute of Graduate Studies and Research Business Administration
The DRC is endowed with many natural resources, but despite all the natural resources, the country is considered one of the poorest countries in Africa and the world. The study aimed to determine how natural resource extraction in the DRC affected long-term and short-term economic growth. The study used one dependent variable, GDP (constant), to present economic growth and five independent variables, which present natural resource extraction in the DRC.
The data for the variables were extracted from the World Bank indicator, covering the years 1990 and 2021. The Cross-sectional Augumented Auto-resgressive Distributed Lags (CS-ARDL) ordinary least squares estimation method was used to find the effect of natural resource extraction on economic growth, and the collected data were analyzed using EView12 software. The study used Augmented Dickey–Fuller and Augmented Dickey–Fuller to determine the stationary of the data, and all the data was stationary at the first difference.
The results from the trace and maximum eigenvalue method indicate that in the long run, cointegration exists between the variables, and the results of the ganger causality also show that a unidirectional and no causality relationship exist between the variables in the short run. The study found that EPC portrayed a positive and statistically significant impact on economic growth in the long run and short run. The results revealed that FFE had a nullifying and statistically insignificant influence on the economic growth of DRC in the long run and a positive and statistically insignificant effect on economic growth in the short run.
Business Administration--Dissertations, Academic
THE IMPACT OF NATURAL RESOURCE EXTRACTION ON THE ECONOMIC GROWTH OF THE DEMOCRATIC REPUBLIC OF CONGO IN THE SHORT AND LONG RUN / MODESTE KAKUDJI NSAKA ; SUPERVISOR, ASSOC. PROF. DR. DEMET BETON KALMAZ - 59 sheets; 30 cm +1 CD ROM
Thesis (MBA) - Cyprus International University. Institute of Graduate Studies and Research Business Administration
The DRC is endowed with many natural resources, but despite all the natural resources, the country is considered one of the poorest countries in Africa and the world. The study aimed to determine how natural resource extraction in the DRC affected long-term and short-term economic growth. The study used one dependent variable, GDP (constant), to present economic growth and five independent variables, which present natural resource extraction in the DRC.
The data for the variables were extracted from the World Bank indicator, covering the years 1990 and 2021. The Cross-sectional Augumented Auto-resgressive Distributed Lags (CS-ARDL) ordinary least squares estimation method was used to find the effect of natural resource extraction on economic growth, and the collected data were analyzed using EView12 software. The study used Augmented Dickey–Fuller and Augmented Dickey–Fuller to determine the stationary of the data, and all the data was stationary at the first difference.
The results from the trace and maximum eigenvalue method indicate that in the long run, cointegration exists between the variables, and the results of the ganger causality also show that a unidirectional and no causality relationship exist between the variables in the short run. The study found that EPC portrayed a positive and statistically significant impact on economic growth in the long run and short run. The results revealed that FFE had a nullifying and statistically insignificant influence on the economic growth of DRC in the long run and a positive and statistically insignificant effect on economic growth in the short run.
Business Administration--Dissertations, Academic