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Does EITI prevent the natural resource curse in financial development?
[L'ITIE empêche-t-elle la malédiction des ressources naturelles dans le développement financier ?]

Author

Listed:
  • 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)

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.

Suggested Citation

  • Harouna Kinda & Edouard Mien, 2024. "Does EITI prevent the natural resource curse in financial development? [L'ITIE empêche-t-elle la malédiction des ressources naturelles dans le développement financier ?]," Post-Print hal-04746325, HAL.
    • Handle: RePEc:hal:journl:hal-04746325
    Note: View the original document on HAL open archive server: https://hal.science/hal-04746325v1
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