The role of country-level institutional factors in escaping the natural resource curse: Insights from Ghana

By Dawda Adams, S. Ullah, Pervaiz Akhtar, Kweku Adams, Samir Saidi. Resources policy, 2019

123 citations recorded by the source corpus.

Empirical research shows that developing countries that are rich in natural resources tend to suffer slow economic growth and development due to various factors such as quality of institutions, governance, among others. The phenomenon of slow growth is widely known as the ‘natural resource-curse’ within the energy sector literature, and past research suggests that the membership of international non-governmental organisations and transparency are key factors in supporting economic development. However, limited research has been conducted to explore the key factors and their impact on the ‘natural resource-curse’. This study utilizes 222 cases from 18 of Ghana's key stakeholders and finds that the membership of country's Extractive Industries Transparency Initiative (EITI) and petroleum revenue management policies are insufficient to avert its ‘resource-curse’ unless they are complemented with country-level institutional factors such as the quality of institutions, quality of governance, government effectiveness, accountability, corruption control mechanisms, natural resource sustainability and effective accounting practices. Consequently, the study contributes to the deeper understanding of complex macro-level factors interlinked with the ‘natural resource-curse’. We also discuss the theoretical and practical implications of these findings, along with suggestions for future research.

Subfields: Building and Construction, Economics and Econometrics, Renewable Energy, Sustainability and the Environment

View Paper: https://www.semanticscholar.org/paper/014ed6a534a9c120f5f2c1e43f18446abd5f3a21

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Building and Construction

1. Kweku Adams
2. Dawda Adams
3. S. Ullah
4. Farid Ullah

In Economics and Econometrics

1. Kweku Adams
2. Dawda Adams
3. S. Ullah
4. Farid Ullah

In Renewable Energy, Sustainability and the Environment

1. Kweku Adams
2. Dawda Adams
3. S. Ullah

Citations in the corpus

• Globalisation, governance, accountability and the natural resource ‘curse’: Implications for socio-economic growth of oil-rich developing countries (2019, background): “continent, coupled with its weak institutional structures (Frynas and Paulo, 2007; Kolk and Lenfant, 2010 Adams et al. 2017; Adams et al. 2018), this paper asserts that Africa is a ‘cautious continent’; it is important to be cautious in being optimistic about predicting its future growth prospects a”