Publisher: 
World Bank
Publication Type: 
Research on the EITI
Published Date: 
June, 2017

Evidence for a presource curse? Oil discoveries, elevated expectations, and growth disappointments

Oil discoveries can constitute a major positive and exogenous shock to economic activity, but the resource curse hypothesis would suggest they might also be detrimental to growth over the long run. This paper utilizes a new methodology for estimating growth underperformance to examine the extent to which discoveries depress the growth path of a country following a discovery and prior to production starting.

This paper is not mentioning the EITI, however it covers issues which are relevant for the EITI process.