CEU Electronic Theses and Dissertations, 2013
| Author | Rodgers, Lara E |
|---|---|
| Title | State Capacities and the Renationalization of Oil Production |
| Summary | The global oil market is of great importance to almost every country in the world. Thus, the happenings of the domestic economies of large oil exporters should also be of great concern for most countries in the world. As a more recent effort of economic development, some states that have abundance in the oil resource have been contemplating nationalizing their oil sectors once again. This study focuses distinctively on the cases of Nigeria and Venezuela. Both states are important players on the global oil market, and have a great deal of background circumstances in common. The question is whether states “renationalize” their oil sectors once they have the necessary capacities, assuming that in the past their nationalization attempts were unsuccessful. This is a qualitative research study and it does a case-by-case comparison followed by the employment of Mill’s Method of Difference in analysis. The independent variables used in the study are as follows: (a) Lack of transparency in governmental spending, (b) Poor linkages between other major industries, (c) Oil as a primary export equals to or is over 90% (International Trade Centre, 2011), and (d) Governmental spending largely originates in oil revenue. The dependent variable is whether states chose to nationalize once again or not. The results show that Venezuela chose nationalization but Nigeria did not. Due to the similarities in their independent variables, the findings were surprising, however, they show that Venezuela was most likely too quick to nationalize once again without improving its management abilities. Nigeria, on the other hand shows proof of caution and greater hopes for a more successful renationalization in the future if it continues on its path of policy reform. |
| Supervisor | Von Daniels, Laura |
| Department | Political Science MA |
| Full text | https://www.etd.ceu.edu/2013/rodgers_lara.pdf |
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