RESOURCE CURSE AND THE EITI MEMBERSHIP EFFECT ON THE ECONOMIC GROWTH AND CORRUPTION IN SUB-SAHARAN AFRICA: PART I - A THEORETICAL REVIEW

Andries Francois Geldenhuys (), Oluseye Ajuwon () and Michael Graham ()
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Andries Francois Geldenhuys: Business School, Stellenbosch University, Western Cape, South Africa
Michael Graham: Business School, Stellenbosch University, Western Cape, South Africa

Oradea Journal of Business and Economics, 2020, vol. 5, issue 1, 18-28

Abstract: : 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.

Keywords: Extractive Industries Transparency Initiative (EITI); corruption; transparency; resource curse; economic growth. (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ora:jrojbe:v:5:y:2020:i:1:p:18-28

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