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African Successes, Volume IGovernment and Institutions$
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Sebastian Edwards, Simon Johnson, and David N. Weil

Print publication date: 2016

Print ISBN-13: 9780226316222

Published to Chicago Scholarship Online: May 2017

DOI: 10.7208/chicago/9780226316369.001.0001

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PRINTED FROM CHICAGO SCHOLARSHIP ONLINE (www.chicago.universitypressscholarship.com). (c) Copyright University of Chicago Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CHSO for personal use.date: 15 October 2019

The Political Economy of Government Revenues in Postconflict Resource-Rich Africa

The Political Economy of Government Revenues in Postconflict Resource-Rich Africa

Liberia and Sierra Leone

Chapter:
(p.33) 2 The Political Economy of Government Revenues in Postconflict Resource-Rich Africa
Source:
African Successes, Volume I
Author(s):

Victor A. B. Davies

Sylvain Dessy

Publisher:
University of Chicago Press
DOI:10.7208/chicago/9780226316369.003.0004

This paper examines the post-war strategies of Liberia and Sierra Leone to generate revenues from their natural resources. We document the challenges faced by the government of the two countries, contrasting measures taken to address these challenges as well as the outcomes. We complement the analysis with an analytical model which explores the implications of exploiting natural resources in the aftermath of a civil conflict before public management institutions are developed, as observed in Liberia and Sierra Leone. The key lesson is that resource-rich countries emerging from conflict face a difficult trade-off between relatively large longer-term gains which accrue when institutional capacity is developed prior to exploiting the resources, and smaller short-term revenues that come with immediate exploitation of the resources. The findings call attention to the potential role of the international community in developing post-conflict countries' natural resource and revenue institutional capacity, as well as transparent corporate and government institutions for resource management.

Keywords:   revenue rehabilitation, postconflict, institutions, corruption

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