RESOURCE CURSE AND THE EITI MEMBERSHIP EFFECT ON THE ECONOMIC GROWTH AND CORRUPTION IN SUB-SAHARAN AFRICA: PART I - A THEORETICAL REVIEW
| Autor: | Michael Graham, Oluseye Samuel Ajuwon, Andries Francois Geldenhuys |
|---|---|
| Rok vydání: | 2020 |
| Předmět: |
extractive industries transparency initiative (eiti)
Value (ethics) Resource (biology) Sub saharan Corruption media_common.quotation_subject corruption lcsh:Business 010501 environmental sciences 01 natural sciences 0502 economics and business Development economics 0105 earth and related environmental sciences media_common transparency lcsh:HB71-74 International standard 05 social sciences lcsh:Economics as a science economic growth Natural resource Resource curse Transparency (graphic) Business lcsh:HF5001-6182 resource curse 050203 business & management |
| Zdroj: | Oradea Journal of Business and Economics, Vol 5, Iss 1, Pp 18-28 (2020) |
| ISSN: | 2501-1596 |
| DOI: | 10.47535/1991ojbe085 |
| Popis: | This study reviews the theoretical literature concerning the resource curse as it pertains to the impact of natural resources upon economic growth and corruption in sub-Saharan Africa (SSA), and how the Extractive Industries Transparency Initiative (EITI) membership can be of help. The EITI is an international standard promoting open and transparent resource governance through disclosure mechanisms in the resource value chain. Corruption has been associated with less-than-average economic growth in resource-rich countries. This research concludes that the theoretical review found that through the dissemination of disclosures in the natural resource sector, the EITI can potentially reduce the prevalence of corruption in implementing countries in SSA and it can address negative economic growth outcomes associated with resource abundance. However, there is not much evidence empirically needed to suggest this. |
| Databáze: | OpenAIRE |
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