The “resource curse” from the oil and natural gas sector: how can Tanzania avoid it in reality?

Bishoge, Obadia Kyetuza; Mvile, Benatus Norbert

doi:10.1007/s13563-020-00235-2

Cited by 13 publications

(2 citation statements)

References 93 publications

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“…Nülle and Davis (2018, p. 39) point out that "… concerns about intergenerational welfare can be addressed via capital market activities such as Sovereign Wealth Funds that are aimed at smoothing consumption." Recently, Bishoge and Mvile (2020) included creation of an SWF to make savings available to the next generation in their recommendations for how Tanzania might avoid the "resource curse. "…”

Section: Literature Review On Sovereign Wealth Fundsmentioning

confidence: 99%

Minnesota—too late for a Sovereign Wealth Fund?

et al. 2021

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Ten states have created natural-resource-based Sovereign Wealth Funds (SWF) to allow a fraction of the wealth derived from the extraction of non-renewable resources to be available for future use. Minnesota does not have a SWF, even though companies have been mining in the state for over 100 years. Herein, we present backward and forward-looking scenarios to estimate the potential magnitude of a “what-if” extraction-based fund. A 1.5% of value tax is suggested as an SWF funding mechanism. Based on historical extraction, prices, and investment returns, a large SWF could already exist. In the forward-looking section, we begin by econometrically estimating the supply and demand of US iron ore production to better understand how an increase in mining taxes would likely effect mining output (i.e., the production effect). After accounting for an estimated 4% production loss, results suggest enough minerals could still be extracted to create a permanent fund with between $930 million (US) and $1.6 billion dollars (US) in direct contributions by 2050 (depending on price). Using reasonable assumptions of a 2% inflation rate and a 5% annual investment return, the fund size could range from $3 billion to $5 billion by 2050.

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Section: Literature Review On Sovereign Wealth Fundsmentioning

confidence: 99%

Minnesota—too late for a Sovereign Wealth Fund?

et al. 2021

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“…Extraction and utilization of natural resources play an important role in the economic development of various countries (Barbier, 2012; Saleh et al., 2020). There is a great opportunity for sustainable natural resources utilization and this can alleviate poverty in an area (Bishoge & Mvile, 2020; Moti, 2019). In many Sub‐Saharan African countries, the mining sector makes a significant contribution to foreign exchange earnings, government revenues, employment and gross domestic product (George & John, 2018).…”

Section: Introductionmentioning

confidence: 99%

Impacts of quarrying activities on the environment and livelihood of people in Border II sub‐location, Nyando sub‐county, Kisumu County, Kenya

Opondo

Ajayi

Makindi

2022

Environmental Quality Mgmt

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The aim of the study was to assess the impacts of quarrying activities on the environment and livelihood of people in the Border II sub-location. Primary data was collected through questionnaires, Key Informant Interviews, Focus Group Discussion, laboratory analysis and observations. Whereas, secondary data was obtained from Landsat satellite images, journals, articles, books and reports. The acquired data were analyzed using excel and Arc GIS; and presented into tables and figures. The Land use/cover

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Sustainable governance of natural gas exploration: A coastal forest ecosystem perspective

Bungwa,

Yanda,

Lyimo

2024

Bus Strat Dev

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Coastal forest ecosystems can benefit from an empirical study of the sustainable governance of natural gas exploration. But, policymakers and practitioners cannot make informed decisions in the absence of thorough and comprehensive research. This study examines empirical research on the sustainable governance of natural gas exploration within the coastal forest ecosystem, identifies research gaps and outlines future directions. Researchers utilised the theories, context, characteristics, and methodologies (TCCM) analysis in the systematic narrative review of nine studies. The study findings revealed that sustainable governance of natural gas exploration to lessen coastal forest ecological consequences is questionable since most of the study indicated negative impacts on coastal forests. Furthermore, the study findings contributed by identifying the most prominent theories, such as economic theory and efficient taxation, which are thought to maximise long‐term economic benefits while minimising the degradation of forest ecosystems. Natural gas exploration‐related taxes have the potential to support conservation initiatives and coastal forest ecosystem restoration. Furthermore, the study acknowledges that most studies do not have guidelines for evaluating the concepts of sustainable governance. Moreover, the research suggests the need for sustainable governance that strikes a balance between the goals of natural gas development and the protection of coastal forest ecosystems, enacts laws and regulations that promote good governance towards the Green House Gases protocol, and sets up monitoring and control mechanisms. Furthermore, the government should provide incentives, such as research grants, to encourage research and dissemination, as well as sustainable management techniques for natural gas extraction and coastal forest ecosystem management and conservation.

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The “resource curse” from the oil and natural gas sector: how can Tanzania avoid it in reality?

Cited by 13 publications

References 93 publications

Minnesota—too late for a Sovereign Wealth Fund?

Minnesota—too late for a Sovereign Wealth Fund?

Impacts of quarrying activities on the environment and livelihood of people in Border II sub‐location, Nyando sub‐county, Kisumu County, Kenya

Sustainable governance of natural gas exploration: A coastal forest ecosystem perspective

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