Does EITI prevent the natural resource curse in financial development?

L'ITIE empêche-t-elle la malédiction des ressources naturelles dans le développement financier ?

Harouna Kinda () and Edouard Mien ()
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Harouna Kinda: CERDI - Centre d'Études et de Recherches sur le Développement International - IRD - Institut de Recherche pour le Développement - CNRS - Centre National de la Recherche Scientifique - UCA - Université Clermont Auvergne
Edouard Mien: FERDI - Fondation pour les Etudes et Recherches sur le Développement International

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Abstract: The mismanagement of natural resources can compromise the efficiency of factors essential to economic development, commonly called the "resource curse". In addition to worsening the socio-economic situation, dependence on natural resources can hinder the emergence of an efficient financial system in countries with weak institutions. Conversely, good management of natural resources can enable low- and middle-income countries to improve their economic performance. We first describe the theoretical mechanisms underlying the existence of such a "resource curse" and then present empirical evidence of the potential mitigating effect fostered by implementing the Extractive Industries Transparency Initiative (EITI) standard.

Keywords: Financial development; Resource curse; Natural resource; Transparency; Développement financier; Malédiction des ressources; Ressources naturelles; Transparence (search for similar items in EconPapers)
Date: 2024-04-25
New Economics Papers: this item is included in nep-env and nep-fdg
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Published in 2024

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