Transparency is increasingly viewed as central to curbing corruption and other dysfunctions of resource-rich developing countries. The international development community has pushed transparency in resource revenues through such initiatives as the Extractive Industries Transparency Initiative (EITI). Despite the...
This implies that there are opportunity costs in imposing local content requirements, since the forgone taxes can be used in others ways which could potentially do more to improve development prospects. Moreover, past experiences of resource-rich developing countries suggest that local content policies...
Resource-rich developing countries (RRDCs), on the other hand, face substantial development needs and tight external borrowing constraints. By relaxing these constraints and providing a key financing source for public investment in RRDCs, temporary resource revenues might then be associated with current...
We apply the model to one of the resource-rich developing countries -- Mongolia. We find that, although scaling up public investment could provide a boost to growth, too rapid fiscal outlays will push the economy to its limit of absorptive capacity and increase macroeconomic vulnerabilities. ...
We test the hypothesis on 68 commodity-rich developing countries between 1980 and 2014, and we find strong evidence of the financial development resource curse through the channel of commodity price shocks, after controlling for other explanations found in the literature. The findings are robust to ...
This article examines the time series properties of oil prices and economic development for 17 oil-rich developing countries. Cointegration and error-correction estimation results indicate that in the majority of cases oil booms are followed by increases in both GDP per capita and investment.doi:...
Food security is a crucial issue for developing countries, with many populations suffering from undernourishment. While numerous factors contribute to this issue, the role of natural resources has been neglected. This paper, therefore, examines for the first time how natural resource dependence affects...
If used wisely, demand for resources could potentially transform those countries with rich resource endowments. The countries most likely to feel an adverse impact in this scenario would be those that import a high proportion of their resources and whose economies...
The EITI in general is seen as a policy mechanism to facilitate economic improvement in resource-rich developing countries in sub-Saharan Africa (Hilson and Banchirigah, 2009: 52), through promoting transparency in the extractive sector. As per the critical framework animating this issue, however,...
Over the last decade, local content has received increasing attention in resource rich developing countries. Local content policies and legislation typically require investors to purchase a certain percentage of goods and services within the host country, and to train and hire national staff. In Sub-...