The Paradox of Governance and Natural Resource Rents in Sub-Saharan Africa by Simplice Asongu, Nicho

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The Paradox of Governance and Natural Resource Rents in Sub-Saharan Africa

Author : Simplice Asongu, Nicholas M. Odhiambo

Publisher : African Governance and Development Institute

Published : 2022

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Number of Pages : Pages

Language : en

Descriptions The Paradox of Governance and Natural Resource Rents in Sub-Saharan Africa

In this study, nexuses between governance and natural resource rents are assessed in 44 sub-Saharan African countries using data for the period 1996-2016. The empirical evidence is based on Tobit regressions. The findings show that political governance (entailing â€œvoice & accountabilityâ€ and political stability) and institutional governance (consisting of the rule of law and corruption control) have a negative effect on resource rents. However, if the conception and definition of attendant governance variables are understood within the framework that such variables are negatively skewed, it becomes apparent that bad governance reduces resource rents. This conclusion clarifies the paradox because negatively skewed governance variables are understood to be representing poor governance. By extension, the negative effect of the rule of law or corruption control on natural resource rents should be the negative effect of the absence of the rule of law or lack of corruption control on natural resource rents. The paradox is further clarified in the light of specific components of the governance dynamics. While the clarification of the paradox is relative, especially if the sample is compared with countries for which governance indicators are largely skewed in the positive direction, from an absolute perspective (i.e. exclusively from the sampled countries), the indicators of the World Bank are standardized such that negative skewness does not affect the estimated results. Another worthwhile argument with which to explain the paradox is that governance has more impact on the nonresource component of GDP.

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The Political Economy of the Natural Resource Paradox | Rents to Riches? - Presents an overarching framework designed to help conceptualize key issues of political economy and institutional development in natural resource-dependent developing countries. Practitioners and stakeholders need to draw on scholarship and international experience in situating their own context of engagement—that is, the nature of opportunities and vulnerabilities in their own natural

Is There Really a Resource Curse? A Critical Survey of Theory ... - JSTOR - In sum, the general thrust of the resource curse arguments is that natural resource abundance leads to poor economic performance and growth col lapses, high levels of corruption and poor governance, and, in some models, greater political violence. In this article, I focus on the extent to which mineral abundance affects economic performance

The Natural Resource Curse: A Survey - living despite being rocky islands (or peninsulas) with virtually no exportable natural resources. Auty (2001) is apparently the one who coined the phrase "natural resource curse" to describe this puzzling phenomenon. Its use spread rapidly. 1. Figure 1, reproduced from Manzano and Rigobon (2001), illustrates for a cross section of countries

PDF Naazneen H. Barma † Kai Kaiser Tuan Minh Le † Lorena Viñuela - 1.1. The Natural Resource Management Value Chain 5 1.2. The Two Key "Rent Arenas" in the Natural Resource Value Chain 11 1.3. International Oil and Mineral Prices, 1960-2010 (current and constant 2000$) 16 1.4. Extractive Industry Rents by Income Level, 2008 (% of total rents by country category) 23 1.5

The Resource Curse:The Political and Economic Challenges of Natural - Conflict: Natural resources can, and often do, provoke and sustain internal conflicts as different groups fight for control of the resources or use natural resources to finance their fighting

Are natural resources a curse, a blessing, or a double ... - Brookings - Summary. The results show that natural resources are best seen as a double-edged sword that has a positive economic effect as well as a negative institutional effect on development performance

PDF Unisa Economic Research Working Paper Series - The paradox of governance and natural resource rents in Sub-Saharan Africa . Simplice A. Asongu. 1. and Nicholas M. Odhiambo. 2. Abstract . In this study, nexuses between governance and natural resource rents are assessed in 44 sub-Saharan African countries using data for the period 1996-2016. The empirical evidence is based on Tobit regressions

Rents to Riches?: The Political Economy of Natural Resource-Led - This volume focuses on the political economy surrounding the detailed decisions that governments make at each step of the value chain for natural resource management. From the perspective of public interest or good governance, many resource-dependent developing countries pursue apparently short-sighted and sub-optimal policies in relation to the extraction and capture of resource rents, and to

Resource curse - Wikipedia - The resource curse, also known as the paradox of plenty or the poverty paradox, is the phenomenon of countries with an abundance of natural resources (such as fossil fuels and certain minerals) having less economic growth, less democracy, or worse development outcomes than countries with fewer natural resources. There are many theories and much academic debate about the reasons for, and

Analyzing the impacts of geopolitical risk and economic uncertainty on - The determinants of natural resources rents have been extensively analyzed in the resources economics and policy literature; however, the role of geopolitical risk and uncertainty in rents remains unexplored. Given that these indicators are rather volatile and thus important to discover for developing countries which own a large portion of natural resources in the world, this study aims to

PDF CHAPTER 4 Africa's Natural Resources: The Paradox of Plenty - manufactures include processed natural resources, Africa's export boom seems to be largely driven by natural resources. Since 1990, the share of fuels in the total exports of African oil-exporting countries has increased by about 12 percentage points, to almost 90 percent. The dependence of African non-fuel exports on agricultural commodities has

Resource Rents, Governance, and Conflict - JSTOR - ated rents. Rents-the surplus over costs and normal profit-differ between commod-ities. Rents on oil are obviously much larger than rents on agricultural commodities, and this may be why oil is differentially important in conflict risk. In our latest work, we have estimated the value of natural resource rents, country by country, and year by

(PDF) The paradox of governance and natural resource rents in Sub - In this study, nexuses between governance and natural resource rents are assessed in 44 sub-Saharan African countries using data for the period 1996-2016. The empirical evidence is based on Tobit

The 'Resource Curse': Theory and Evidence (ARI) - The big idea behind the 'resource curse' is that mineral and fuel abundance in less developed countries (LDCs) tends to generate negative developmental outcomes, including poor economic performance, growth collapses, high levels of corruption, ineffective governance and greater political violence. Natural resources, for most poor countries

Sugeng Raharjo - Senior Consultant - FFI Raja Ampat | LinkedIn - Nov 2009 - Agu 20166 tahun 10 bulan. Greater Jakarta Area, Indonesia. Land use and Forest governance advisor. • Facilitating & Build a multi-stakeholder working group on issues Climate change, conservation awareness, sustainable development at district level and national level, • Facilitate development of recommendations for a conservation

The paradox of governance and natural resource rents in Sub-Saharan Africa - This conclusion clarifies the paradox because negatively skewed governance variables are understood to be representing poor governance. By extension, the negative effect of the rule of law or corruption control on natural resource rents should be the negative effect of the absence of the rule of law or lack of corruption control on natural

The resource curse, or the paradox of poverty from plenty - As I arrived in Angola in 1993 a British academic, Richard Auty, was putting a name to a then poorly-understood phenomenon: what is now widely known as the 'Resource Curse'. Countries that depend heavily on natural resources like oil or diamonds often perform worse than their resource-poor peers in terms of human development, governance and

EconPapers: The paradox of governance and natural resource rents in Sub - The paradox of governance and natural resource rents in Sub-Saharan Africa. Simplice Asongu and Nicholas Odhiambo () . No 29008, Working Papers from University of South Africa, Department of Economics Abstract: In this study, nexuses between governance and natural resource rents are assessed in 44 sub-Saharan African countries using data for the period 1996-2016

Combating the Resource Curse: An Alternative Solution to Managing - The paradox of plenty: Oil booms and petro-states. Berkeley: University of California Press. Kasson, Joan. ... Resource Rents and Economic Growth. Economic and Institutional Development in Countries with a High Share of Income from the Sale of Natural Resources. Analysis and Recommendations Based on International Experience.. SSRN Electronic

(PDF) Mirroring The Developmental Challenges Of Oil ... - ResearchGate - According to Roll (2010), the resource curse or paradox of plenty thesis basically postulates that countries rich in natural resources are less well off in terms of c onveying the a bundance of

A wealth of sorrow: why Nigeria's abundant oil reserves are really a - The rich natural resources bring corruption and poverty to a nation, rather than positive economic development and, counterintuitively, these countries end up with lower growth and development

EconStor: The paradox of governance and natural resource rents in Sub - The paradox of governance and natural resource rents in Sub-Saharan Africa . Authors: Asongu, Simplice Odhiambo, Nicholas M. Year of Publication: 2022. Series/Report no.: AGDI Working Paper No. WP/22/020. Publisher: African Governance and Development Institute (AGDI), Yaoundé

Why do resource dependent countries have authoritarian governments? - case, abundance of resource rents may have crucial eﬀects on the outcome of democratic elections and on democratic governance. The logic of the argument is as follows: if the ability of the state to enforce the law (state capacity) is weak, the incumbent government will tend to have some discretionary power to generate (natural resource) rents

The paradox of governance and natural resource rents in Sub ... - SSRN - However, if the conception and definition of attendant governance variables are understood within the framework that such variables are negatively skewed, it becomes apparent that bad governance reduces resource rents. This conclusion clarifies the paradox because negatively skewed governance variables are understood to be representing poor

PDF NRGI Reader - Natural Resource Governance Institute - The resource curse (also known as the paradox of plenty) refers to the failure of many resource-rich countries to benefit fully from their natural resource wealth, and for governments in these countries to respond effectively to public welfare needs. While one might expect to see better development outcomes after countries discover

Indonesia Low-Cost Housing Opportunities | GBG - The Housing Finance Liquidity Facility (FLPP) programme provides mortgages for low-incomes families at below-market interest rates. This is achieved through a state subsidy to the banks that dispense those mortgages. FLPP loans were used to buy 87,765 units in 2013. For 2015, the Housing Ministry announced, FLPP mortgages would apply

The paradox of governance and natural resource rents in Sub- - Downloadable! In this study, nexuses between governance and natural resource rents are assessed in 44 sub-Saharan African countries using data for the period 1996-2016. The empirical evidence is based on Tobit regressions. The findings show that political governance (entailing â€œvoice & accountabilityâ€ and political stability) and institutional governance (consisting of the rule of

Natural resources curse: A reality in Africa - ScienceDirect - The natural resources curses refers to the paradox that countries endowed with raw materials tend to have lower GDP per capita and worse development outcomes than countries with fewer natural resources. Angola, Congo and Nigeria, are good examples of economies well-endowed in natural resources that suffer widespread poverty (Badeeb et al., 2017)

- The findings show that political governance (entailing "voice & accountability" and political stability) and institutional governance (consisting of the rule of law and corruption control) have a negative effect on resource rents

The paradox of governance and natural resource rents in Sub - The empirical evidence is based on Tobit regressions. The findings show that political governance (entailing ?voice & accountability? and political stability) and institutional governance (consisting of the rule of law and corruption control) have a negative effect on resource rents

The Political Economy of the Natural Resource Paradox | Rents - Practitioners and stakeholders need to draw on scholarship and international experience in situating their own context of engagement—that is, the nature of opportunities and vulnerabilities in their own natural resource sector—as well as the most relevant literature on the natural resource paradox, emphasizing that the quality of governance

The paradox of governance and natural resource rents in Sub - This conclusion clarifies the paradox because negatively skewed governance variables are understood to be representing poor governance. By extension, the negative effect of the rule of law or corruption control on natural resource rents should be the negative effect of the absence of the rule of law or lack of corruption control on natural

The paradox of governance and natural resource rents in Sub - The paradox of governance and natural resource rents in Sub-Saharan Africa Authors: Simplice Asongu African Governance and Development Institute Nicholas M Odhiambo University of

The paradox of governance and natural resource rents in Sub- - In this study, nexuses between governance and natural resource rents are assessed in 44 sub-Saharan African countries using data for the period 1996-2016. The empirical evidence is based on Tobit regressions

The paradox of governance and natural resource rents in Sub - In this study, nexuses between governance and natural resource rents are assessed in 44 sub-Saharan African countries using data for the period 1996-2016. The empirical evidence is based on Tobit regressions