Showing 1 - 10 of 331
often contrasted, with foreign aid-dependent Mozambique hailed a success compared to oil rentier Angola. This paper … partly through high rent capture and incipient socialization of massive oil rents. We conclude by discussing the likely …
Persistent link: https://www.econbiz.de/10010191185
find evidence of a mitigating role for 'constraints on executive power' and 'democracy'. Other covariates found to be …
Persistent link: https://www.econbiz.de/10012509295
We show that the incorporation of offshore entities increases when oil and gas exploration licences are awarded. We … oil licences to construct a new data set covering 119 countries over the period 1990-2014. We consider the incorporation … association is stronger when the price of oil increases. Our work informs the fight against corruption, proposing greater …
Persistent link: https://www.econbiz.de/10012816280
evolution of the democracy level of countries affected by giant oil discoveries with the weighted democracy level of countries … democracy in the pre-event period are not affected by the peak of oil discoveries. These results support heterogeneity and non … of oil discovery from the 1970s, we find that the exogenous variation in oil endowment does not have the same effect on …
Persistent link: https://www.econbiz.de/10011460039
There are large volumes of gas offshore Tanzania, which has raised hopes of a boom. But those hopes look set to be disappointed. A boom would depend on there being a sizeable flow of revenue to government from producing and exporting gas. This paper sets out the scale of the gas, and the array...
Persistent link: https://www.econbiz.de/10011955475
A significant natural resource discovery creates excited popular expectations of imminent wealth. But the size of a boom is usually overestimated and the delay in receiving revenues is underestimated. This paper takes stock of the sequencing, timing, and scale of the development of a natural...
Persistent link: https://www.econbiz.de/10011955486
A large mining project has the potential to be a partner in assisting local communities in their development efforts. Communities located in close proximity to a large mine have every right to expect that the project will benefit their community. Often, reality falls short of their expectations...
Persistent link: https://www.econbiz.de/10011637747
This paper argues that in weak states, leaders whose hold on power is secured by the public fortune have turned to the use of sovereign wealth funds (SWFs), especially unofficial SWFs, to cement their hold on power. Unofficial SWFs are private funds created from resource rents with the...
Persistent link: https://www.econbiz.de/10012098407
This paper reviews the political economy of extractive resources and the associated resources sector governance agenda. The consensus that good sector governance improves the developmental impacts of extractive resources exploitation is premised on the understanding that institutions matter for...
Persistent link: https://www.econbiz.de/10011595705
The COVID-19 pandemic has had severe economic consequences in Southern Africa, resulting in an unprecedented decline in production and employment. Similar policy responses have emerged across the region, centred on temporary and inadequate relief for workers and businesses; very limited fiscal...
Persistent link: https://www.econbiz.de/10012590883