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Publications (29)
Working Paper
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The governance of natural resource wealth is widely considered to constitute a key determinant in whether the extraction of natural resources proves to be a blessing or a curse. What is meant by governance can span a wide range of components, while the steps to achieving good governance remain...
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– The recent Ghanaian experience
This paper analyses the evolution of fiscal and monetary variables in Ghana, from the discovery of oil in 2007 through to 2014. It documents the deterioration of fiscal and monetary discipline over this period, which resulted in a rebound of debt, a deterioration of the external balance, and a...
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– Some practical observations from Ghana
At the heart of an effective extractive resource-based economic transformation and development is an effective regulatory framework that guides the promotion of investments into the sector, the procedure for responsible extraction, and the management of the utilization of such resources. Ghana’s...
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Natural resources extraction inevitably imposes environmental injuries including diversion of scarce water away from pressing local needs, disruption of fragile ecosystems, and longer-range and often irreparable harm. These fall most forcefully on the local populations at or near the extraction...
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– New African oil, gas, and mining economies
This paper examines a broad range of opportunities for addressing the pressing human development needs of low-income countries by using new oil, gas, and mineral discoveries. It assesses how much of an impact can be made on the funding gaps for health and education by new oil and gas revenues, and...
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In several low- and middle-income countries with important extractive sectors, gross national income has developed favourably. Africa has benefitted most, particularly West Africa. This survey provides an up-to-date statistical analysis of the contribution of non-fuel minerals mining to low- and...
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Qualitative case studies suggest that the outcomes of tax treaty negotiations are determined by power politics and negotiating capability. In contrast, quantitative studies have tended to depart from a model that implies absolute gains, full rationality, and perfect information on the part of both...
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– From an ‘all of government’ approach to Partnerships for Development
This paper outlines how sustainable development in resource-rich countries requires an ‘all of government’ approach as well as multi-stakeholder dialogue and partnerships between government, companies, and civil society organizations. Effective management and regulation requires many different line...
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– The possibilities and the realities
The paper discusses the practical possibilities of achieving increased downstream processing and the policies that are commonly used for this purpose. It reviews the reasons why forward vertical integration is not always an optimal choice for extractive industry companies. It finds little support...
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– National oil companies as instruments of risk and reward
National oil companies tend to elicit unequivocal views. To political leaders within petroleum-producing countries, they often represent a sine qua non of a strategy capable of delivering long-term benefits to citizens. To many international analysts and donors, they represent vestiges of an...
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– Re-estimation and country results
International corporate tax is an important source of government revenue, especially in lower-income countries. An important recent study of the scale of this problem was carried out by International Monetary Fund researchers Ernesto Crivelli, Ruud De Mooij, and Michael Keen. We first re-estimate...
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– Opportunities and obstacles for civil society
Civil society organizations have played various roles in promoting the capture of benefits from and protection against the negative impacts of extractive industries. Payment disclosure is one potentially powerful tool for such organizations to promote greater local benefit capture. Practitioners and...
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– The view from Zambia
Mining is the largest sector of the Zambian economy but, as has been the case elsewhere, the relationship between mining companies and their host communities has been fractious, without a clear path towards sustainability. The severe social, economic, and environmental impacts of mining have been...
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– Lessons from Nigeria and Ghana
Donor interest in the extractives sector is based upon the premise that it represents an opportunity to improve a country’s development prospects. However, in many cases the presence of extractive resources is associated with poor economic performance. As a result, some donors are trying a radically...
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– Recent evidence from Africa
This paper investigates the relationship between mining and spatial inequality in Africa during 2001–12. The identification strategy is based on a unilateral causation between mining and district inequality. The findings show that when minerals are aggregated, mining increases district inequality...
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– The vulnerability of tax revenue in resource-rich countries
This paper explores the extent to which government revenue is affected by external shocks, and whether these effects are different for resource-rich as compared with non-resource-rich countries. We are particularly interested in the fate of poorer countries, as we assume they will find it more...
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