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Large quantities of oil were discovered in the Albertine Rift Valley in Western Uganda in 2006. The sound management of … these oil resources and revenues is undoubtedly one of the key public policy challenges for Uganda as it is for other … broad scope of issues that need to be addressed in order for Uganda to realise the full potential of its oil wealth for …
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This paper studies the effects of oil rent on development using a unique panel dataset describing worldwide oil discoveries and extractions. First, we revisit the so-called curse of oil, which contends that oil rent hinders economic development. Exploiting cross-country variations in the timing...
Persistent link: https://www.econbiz.de/10013116764
After so many years of fruitless search for crude oil in the Ghana, in 2007 crude oil has been discovered in commercial quantities at the Jubilee offshore oil field. In fact, the offshore field is claimed to be the biggest find in offshore oilfields in West Africa in recent years. With examples...
Persistent link: https://www.econbiz.de/10012986399
Purpose: The purpose of this study is to determine the resilience of oil intensive Romanian communities to oil price fluctuations. Design/methodology/approach: The methodology employed is based on identifying the communities with the most extensive oil extraction activities using GIS (Geographic...
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The present paper discusses the impacts of oil discovery in Sudan. The subsequent exploitation of oil enhanced gradual deterioration in the country's social cohesion and accelerated armed movements. That was triggered by complaints of ill-distribution of wealth, development and political power...
Persistent link: https://www.econbiz.de/10014185477
This study examines the intricate relationship between natural resource abundance, with a specific focus on oil production, and its impact on economic growth in Ghana. Through the application of the robust Fully Modified OLS methodology and using data spanned from 1960-2021 the research...
Persistent link: https://www.econbiz.de/10014635952
Motivated by the fact that the taxation of natural resources is both crucial and particularly challenging for developing countries, this paper draws on a unique dataset to produce empirical evidence on two issues pertaining to the fiscal impact of oil. On a sample of 31 countries during the...
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