Asymmetrical effect of oil and gas resource rent on economic growth: Empirical evidence from Ghana

We investigate the asymmetric effect of oil and gas resource rent on economic growth Ghana for period 2010 to 2019, dwelling hypothesis that natural resources extraction has double-edge growth. Using Nonlinear Autoregressive Distributed Lag (NARDL) model as estimation strategy, we find affect asymmetrically. Specifically, our NARDL estimates suggest promotes significantly, providing empirical evidence in support blessing hypothesis. However, exerts a significant adverse growth, curse Our findings point need policies promote expansion firms than short run while long term should target setting up both developing countries, especially countries with similar socioeconomic demographic like Ghana. Finally, government monetary authorities attract foreign direct investment inflow taming inflation lending rate towards enhancing targets.