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industries sector: The Extractive Industries Transparency Initiative (hereafter the EITI) and the EU Directives. Moreover, the … comparison of selected provisions regarding information disclosure orders of the EITI Standard 2019 and the EU Directives. The … study briefly discusses the meaning of the good governance concept and the significance of the principles of transparency as …
Persistent link: https://www.econbiz.de/10012416101
The paper reviews the debate about transparency in extractive industry commodities trade. It examines the obstacles to … improved transparency. A critical review of the experience with estimating losses from a lack of transparency concludes that … important transparency and responsible sourcing initiatives are reviewed. The initiatives appear to have had some positive …
Persistent link: https://www.econbiz.de/10012405617
The management of revenues from exhaustible natural resources involves a number of challenges. In this paper, we argue that the standard policy advice to managers of resource revenues has been dominated by short-termism and the lack of a perspective on economic development and structural...
Persistent link: https://www.econbiz.de/10012265519
The paper looks at the key challenges facing the implementation of the Extractive Industries Transparency Initiative … (EITI) in two former Soviet countries, Azerbaijan and Kazakhstan. Generally the EITI is playing a very significant role in … rich countries. EITI implementation in a country sends a message to international investors and companies about government …
Persistent link: https://www.econbiz.de/10012929996
of offshore entities as an indicator of corruption risk. We find that the number of new shell companies increases by 11 … the award of an exploration licence increases the risk of corruption. Consistent with rent-maximising behaviour, this … association is stronger when the price of oil increases. Our work informs the fight against corruption, proposing greater …
Persistent link: https://www.econbiz.de/10012816280
Industrial policy is back. Advocates for industrial policy argue that the important question is not whether such policies should be applied at all, but how to design and implement them. For the extractive industries this development poses a challenge. First, there is the argument that host...
Persistent link: https://www.econbiz.de/10011776473
Non-transparency is a term given in this paper to a set of government policies that increase the risk and uncertainty … corruption, unstable economic policies, weak and poorly enforced property rights, and inefficient government institutions. Our … empirical analysis shows that the degree of non-transparency is an important factor in a country's attractiveness to foreign …
Persistent link: https://www.econbiz.de/10010211076
policy makers about the limits of transparency in curtailing "grey" types of corruption. …We look at the effect of transparency on the incidence of costly back-scratching in a laboratory setting by … transparency. A plausible story that fits our results is that there may be two countervailing forces at play. First, more rapid …
Persistent link: https://www.econbiz.de/10011641390
-rich countries. The Extractive Industries Transparency Initiative (EITI) was founded in 2003 to address this problem through … study shows in a panel of 81 countries that joining the EITI increases the ratio of FDI inflows to GDP on average by around …
Persistent link: https://www.econbiz.de/10009720219