European Business Schools Librarian's Group
ESSEC Working Papers,
ESSEC Research Center, ESSEC Business School
No WP1109: Measuring the contribution of extractive industries to local development : the case of oil companies in Nigeria
Abdou Kâ Diongue (), Gael Giraud () and Cécile Renouard ()
Additional contact information
Abdou Kâ Diongue: Saint Louis University, Senegal
Gael Giraud: CNRS, Paris School of Economics, ESCP-Europe
Cécile Renouard: ESSEC Business School, Postal: Avenue Bernard Hirsch - B.P. 50105, 95021 CERGY PONTOISE Cedex, FRANCE
Abstract: Extractive industries face two main challenges in terms of CSR and poverty reduction: 1) recognize that societal activity is part of their core business; 2) take part in socio-economic projects that contribute to their stakeholders' empowerment and not only to their living conditions. Based on surveys achieved in Nigeria in 2008, the paper presents two societal performance indices meant to be complementary: the Poverty Exit Index (PEI) and the Relational Capability Index (RCI). We show that, while they have fostered the PEI of the local communities, the development projects of the oil companies had a rather negative impact on their RCI. We then identify key variables that can influence positively the RCI and on which a sensible development policy should focus.
Keywords: development indices; capability approach; relational capability; development; poverty; impact assessment
JEL-codes: C43; D21; F21; L71; O12; O55
30 pages, October 5, 2011
Full text files
WP1109.pdf
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