https://www.selleckchem.com/pr....oducts/gsk-3484862.h
This study investigated the relationship between sustainable development and crude oil revenue (COR) in selected oil-producing African countries from 1992-2017 using the Pooled Mean Group (PMG) estimators on panel autoregressive distributed lag model (ARDL). Sustainable development was measured with the Human Development Index (HDI). This study was significant for Africa to break away from fiscal over-dependence on natural resource revenue, especially crude oil due to its high volatility and to correct porous institutional outlook.
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