Citizen Wealth and Natural Resource Rents: A contribution to GDP per capita

Main Article Content

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

Abstract

The problem of production, growth and development of nations and their inhabitants has been a constant in economic thought, policy decisions and, in general, in the destiny of humanity; the appearance of related concepts such as the Dutch disease has taken center stage at different moments of contemporary realities. This is how it is chosen to investigate from natural resource rents the contribution to GDP per capita for two nations that are producers of this type of resources, Norway and Angola, which a priori could be opposed but with a high academic value at the moment of evaluating the linearity of these two variables for each case, in essence, the Pearson correlation between the register of indicators of the two variables is evaluated: “income obtained from the exploitation of natural resources and GDP per capita,” coupled with a Spearman correlation that allowed to evaluate the development of behavior in the HDI ranking, statistical tools that allowed to evaluate the assumptions of linearity and homoscedasticity, as a good behavior for Norway in clear opposition to the case of Angola that in a mandatory way redirects the attention on nations strongly dependent on raw materials and that opens a wide range of research opportunities in the framework of the SDG 2030. 

Article Details

Section
Articles