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Publications (26)
Blog
– What can be done?
In the second part of this blog, Alan R. Roe discusses what is known about the informational failures that pose challenges for governments in projecting revenues from extractive industries. Read the first part here. Important new light has been thrown on information gaps faced by governments in...
Blog
– Information asymmetries and other disadvantages of host governments
In the first part of this blog, Alan R. Roe writes about the difficulties governments face in predicting revenues from extractive industries. Read part two here. Countries endowed with rich mineral or oil and gas resources have many competing uses for the revenues that arise from the production of...
Over the past decade significant hydrocarbon discoveries have been made across East Africa. Unsurprisingly, the respective governments countries have been excited about these discoveries, expecting revenue and local economic opportunities to follow suit. However, concerns about the macroeconomic...
Working Paper
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Industrial policy is back. Advocates for industrial policy argue that the important question is not whether such policies should be applied at all, but how to design and implement them. For the extractive industries this development poses a challenge. First, there is the argument that host countries...
– Success and failure in the extractive sector
A central difficulty for extractive activity is that benefits accrue at the national level but disruptions are highly localized. Companies recognise that these imbalances need to be addressed and adopt active programmes to improve local benefits. These programmes have had mixed past success, partly...
Working Paper
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– The evolution of the industry’s approach
This paper provides an overview of social and environmental management practices in the oil and gas industry. It outlines the evolution of international oil companies’ approaches over the last 20 years, reviews what social and environmental management amongst such companies means in practice, and...
Working Paper
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Since the early 1990s, at least 45 initiatives have been mounted to improve the environmental and social performance of the mining industry across the world. Many changes in the formal legal and regulatory systems have also been introduced. However, no systematic approach has been adopted to test...
Journal Article
This paper investigates the process of adjustment in employment. A dynamic model is applied to a panel of six Tunisian manufacturing industries observed over a period of 25 years, from 1971 to 1996. Industries are assumed to adjust their labor inputs toward a desired level. A labor requirement...
Blog
23 April 2014 Justin Yifu Lin and Yan Wang At the onset of its miraculous rise in 1979, China had been trapped in poverty for centuries and was poorer than most sub-Saharan African countries. Thanks to the right strategies for transformation, China achieved an average annual growth rate of 9.8 per...
Working Paper
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A sustainable pathway for Africa in the twenty-first century is laid out in the setting of the development of innovation capabilities and the capture of latecomer advantages. Africa has missed out on these possibilities in the twentieth century while seeing the East Asian countries advance. There...
Working Paper
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– Manufacturing Productivity and Sub-Saharan Africa’s Missing Middle
We consider economic development of sub-Saharan Africa from the perspective of slow convergence of productivity, both across sectors and firms within sectors. Why have ‘productivity enclaves’, islands of high productivity in a sea of smaller low-productivity firms, not diffused more rapidly? We...
Working Paper
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– Structural Path Analysis for 1997-2007
Current explanations for private consumption’s diminished role in China focus on the expansion of exports and investments. Using structural path analysis, we find additional contributing factors. First, growth patterns during 1997-2007 favoured sectors with low production multipliers. Secondly...
Working Paper
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This paper considers the effect of financial liberalisation on access to investment finance using firm level data covering 57 developing and transition countries. An index is presented which measures financial market liberalisation along the following policy dimensions: directed lending, credit...
Displaying 16 of 26 results