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Recursos bibliográficos en papel y digitales -
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» Resultado: 2 registros
| Registro 1 de 2 | |
| Autor: | Fenton Villar, P. |
| Título: | An assessment of the Extractive Industries Transparency Initiative (EITI) using the Bayesian Corruption Indicator |
| Fuente: | Environment and Development Economics. v.27, n.5. Beijer Institute of Ecological Economics; Royal Swedish Academy of Sciences |
| Páginas: | pp. 414-435 |
| Año: | oct. 2022 |
| Resumen: | Advocated across the international community for more than 15 years, the Extractive Industries Transparency Initiative (EITI) is now widely recognised as a hallmark anti-corruption scheme in the extractive sector. This study presents an assessment of the relationship between EITI membership and countries’ progress in tackling corruption. It provides the first study that looks at this issue using a ’state-of-the-art’ indicator called the Bayesian Corruption Indicator. It also introduces an innovative estimation strategy combining entropy balancing with a difference-in-difference framework to address the baseline inequalities that exist between member and non-member countries. Contrary to the findings of many leading studies, this analysis finds corruption scores have improved significantly among EITI member countries. In particular, the evidence is strongest when we examine a sub-group of EITI members designated fully compliant with the initiative’s transparency standards. |
| Palabras clave: | CORRUPCION | TRANSPARENCIA | RECURSOS NATURALES | INDUSTRIAS EXTRACTIVAS | |
| Solicitar por: | HEMEROTECA E + datos de Fuente |
| Registro 2 de 2 | |
| Autor: | Fraser, J. |
| Título: | Worth its weight in gold: is the extractive industries transparency initiative a credible signalling mechanism to investors? |
| Fuente: | Environment and Development Economics. v.27, n.5. Beijer Institute of Ecological Economics; Royal Swedish Academy of Sciences |
| Páginas: | pp. 436-450 |
| Año: | oct. 2022 |
| Resumen: | This paper seeks to understand the link between resource governance and investor expectations in resource-rich countries. We test whether voluntary membership in the Extractive Industries Transparency Initiative (EITI), a public-private partnership that promotes transparency and accountability in the extractives sector, behaves as a credible signalling mechanism to investors that governments in resource-rich countries can manage resource revenue and adhere to sustainable fiscal policies in the medium and long run. Using an interrupted time series analysis coupled with a fixed effects model, we examine whether investor expectations on the price of sovereign debt behave as a credible signalling mechanism in the presence of certain conditions. Results indicate that in some cases there is a significant change in spread on the default price of sovereign debt as a result of announcement of either EITI candidacy or EITI compliance. However, it is clear that EITI membership alone is not a sufficient signal to investors that a country can effectively manage its resource revenues in the long run because the result of EITI implementation is heavily influenced by country-specific conditions. |
| Palabras clave: | INDUSTRIAS EXTRACTIVAS | DESARROLLO ECONOMICO | TRANSPARENCIA | POLITICA MACROECONOMICA | |
| Solicitar por: | HEMEROTECA E + datos de Fuente |
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