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Measuring the contribution of extractive industries to local development: the case of oil companies in Nigeria

Abdou Ka Diongue, Gaël Giraud and Cécile Renouard ()
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Cécile Renouard: ESSEC - Business School, https://www.essec.edu/fr/equipe/professeurs/cecile-renouard

Documents de travail du Centre d'Economie de la Sorbonne from Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne

Abstract: Extractive industries face two main challenges in terms of CSR and poverty reduction: 1) recognize that societal activity is part of their core business; 2) take part in socio-economic projects that contribute to their stakeholders' empowerment and not only to their living conditions. Based on surveys achieved in Nigeria in 2008, the paper presents two societal performance indices meant to be complementary: the Poverty Exit Index (PEI) and the Relational Capability Index (RCI). We show that, while they have fostered the PEI of the local communities, the development projects of the oil companies had a rather negative impact on their RCI. We then identify key variables that can influence positively the RCI and on which a sensible development policy should focus

Keywords: Development indices; capability approach; relational capability; development; poverty; impact assessment (search for similar items in EconPapers)
JEL-codes: C43 D21 F21 L71 O12 O55 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2011-07
New Economics Papers: this item is included in nep-afr, nep-ene, nep-hme and nep-ppm
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ftp://mse.univ-paris1.fr/pub/mse/CES2011/11043.pdf (application/pdf)

Related works:
Working Paper: Measuring the contribution of extractive industries to local development: the case of oil companies in Nigeria (2011) Downloads
Working Paper: Measuring the contribution of extractive industries to local development: the case of oil companies in Nigeria (2011) Downloads
Working Paper: Measuring the contribution of extractive industries to local development: the case of oil companies in Nigeria (2011) Downloads
Working Paper: Measuring the contribution of extractive industries to local development: the case of oil companies in Nigeria (2011) Downloads
Working Paper: Measuring the contribution of extractive industries to local development: the case of oil companies in Nigeria (2011) Downloads
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