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Natural resource funds, institutional qualityand governance: A systematic literature review

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  • Yanina Dymitrowska

Abstract

In recent years, there has been an international debate on the effectiveness of resource funds in the context of the “resource curse”. One aspect of assessing the effectiveness of these funds, which is receiving increasing attention, is determining the relationship between the funds and institutional quality and governance. The objective of this study is to systematically evaluate all available evidence regarding the relationship between the ef- fectiveness of natural resource funds, institutional quality and governance in the context of countering the “resource curse”. The study employed the SLR technique to examine 40 carefully selected articles for the period 1990–2023. In order to enhance the credibility of the analysis, an up-to-date information map derived from the literature was generated using the VOSviewer software. The study found that the analysed issue is both new and relevant, with many aspects lacking unanimous solutions. It was observed that the relationship between funds and institutional quality and governance exists, as indicated by both qualitative and quantitative research. The most significant studies on this topic emerged after 2005. The literature is largely concentrated on the significance of institutional quality and governance for fund effectiveness.

Suggested Citation

  • Yanina Dymitrowska, 2024. "Natural resource funds, institutional qualityand governance: A systematic literature review," Research Papers in Economics and Finance, Poznań University of Economics and Business, vol. 8(2), pages 6-23, December.
    • Handle: RePEc:jbl:ref000:v:8:y:2024:i:2:id:949
    DOI: 10.18559/ref.2024.2.949
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    References listed on IDEAS

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    1. Hiroyuki Taguchi & Javkhlan Ganbayar, 2022. "Natural Resource Funds: Their Objectives and Effectiveness," Sustainability, MDPI, vol. 14(17), pages 1-20, September.
    2. Martin Gould, 2010. "Managing manna from below: sovereign wealth funds and extractive industries in the Pacific," Economic Roundup, The Treasury, Australian Government, issue 1, pages 63-86, April.
    3. Mr. Steven A Barnett & Mr. Rolando Ossowski, 2002. "Operational Aspects of Fiscal Policy in Oil-Producing Countries," IMF Working Papers 2002/177, International Monetary Fund.
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