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

Author

Listed:
  • Simplice A. Asongu

    (Yaounde, Cameroon)

  • Gerald Emmanuel Arhin

    (University of Manchester, UK)

  • Abdul-Gafaru Abdulai

    (University of Ghana Business School, Legon.)

  • Justice Bawole

    (University of Ghana Business School, Legon.)

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.

Suggested Citation

  • Simplice A. Asongu & Gerald Emmanuel Arhin & Abdul-Gafaru Abdulai & Justice Bawole, 2022. "The Political Economy of the Oil and Gas Sector in Emerging and Developing Countries," Working Papers 22/029, European Xtramile Centre of African Studies (EXCAS).
    • Handle: RePEc:exs:wpaper:22/029
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Political economy; oil and gas; development economies; inter-party politics; geopolitics; institutions; interests; ideas; power;
    All these keywords.

    JEL classification:

    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
    • H77 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Intergovernmental Relations; Federalism
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State
    • P48 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies

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