The Political Economy of the Oil and Gas Sector in Emerging and Developing Countries

Simplice Asongu, Gerald Arhin (arhingerald13@gmail.com), Abdul-Gafaru Abdulai (agabdulai@ug.edu.gh) and Justice Bawole (jnbawole@ug.edu.gh)
Additional contact information
Gerald Arhin: University of Manchester, UK
Abdul-Gafaru Abdulai: University of Ghana Business School, Legon.
Justice Bawole: University of Ghana Business School, Legon.

No 22/029, Working Papers from European Xtramile Centre of African Studies (EXCAS)

Abstract: This chapter surveys the literature on the political-economy of oil and gas governance by focusing on the exploration, production and revenue sharing in the hydrocarbon sector. Emphasis is placed on the extent to which oil and gas governance is shaped by geopolitics and interparty-party politics. We argue that the interests and ideas relative to the power of key stakeholders, such as political actors, multinational companies, the citizens and the state are relevant to the understanding of the form and shape of the emergence and performance of the institutions governing the oil and gas sectors of emerging and developing countries.

Keywords: Political economy, oil and gas; development economies; inter-party politics; geopolitics; institutions; interests; ideas; power (search for similar items in EconPapers)
JEL-codes: D72 H23 H77 P16 P48 (search for similar items in EconPapers)
Pages: 17
Date: 2022-01
New Economics Papers: this item is included in nep-ene and nep-pol
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http://publications.excas.org/RePEc/exs/exs-wpaper ... loping-Countries.pdf Revised version, 2022 (application/pdf)

Related works:
Working Paper: The Political Economy of the Oil and Gas Sector in Emerging and Developing Countries (2022)
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