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The Impact of the Renewable Energy Transition on Rentier Structures: A Case Study of Saudi Arabia since the 2014 Oil Price Plunge
Remsey, Diana Nora ; Kazharski, Aliaksei (advisor) ; Weinfurter, Jaroslav (referee)
1 MA Thesis 2023 Diana Nora Remsey (53969839) Abstract The adoption of renewable energy in rentier states prompts a crucial inquiry into its potential impact and whether it could signal the transformation or eventual decline of the rentier state model. This paper investigates the impact of the renewable energy transition on the rentier structures of the Kingdom of Saudi Arabia after the 2014 oil price plunge. Through a qualitative case study approach and content analysis of primary and secondary literature, the study explores how Saudi Arabia's efforts to diversify its energy mix and embrace renewable technologies influence its rentier economic model and political structures. The findings reveal significant strides towards renewable energy adoption under the Vision 2030 plan. However, the rentier structures and the role of ruling elites remain largely intact, with a focus on economic growth and political stability. The implications suggest a need for comprehensive approaches to address underlying rentier structures while promoting economic and political reforms for a sustainable energy transition in rentier states.
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Resource curse theory - An example of Venezuela
Hruška, Pavel ; Kučerová, Irah (advisor) ; Krausz Hladká, Malvína (referee)
The main objective of this Master thesis is to test the claim that economic dependence on oil exports impedes enduring democratic stability in the case of Venezuela in the period between 1970-2010. This assumption is based on a broad resource curse theory, which addresses negative economic, political and social consequences of precious resource export dependency. The hypothesis is that exogenous variables may intesify these malign consequences. In this study I will analyse the role(s) performed by multinational oil corporations (MICs) in Venezuelan petroleum industry, the impact of the nationalization of the oil sector and the impact of foundation of the national oil corporation PDVSA, which became responsible for the subsequent development of oil extraction. I assume that the nationalization led to profound restructuring of institutional and power relations, which in turn had a negative impact on the economic prosperity and stability of the democratic regime in a long-term perspective. Soon afer its creation the national oil corporation became an independent actor with enough power to promote its own economic and political interests and therefore it polarized the already divided society. Historical development within Venezuelan oil industry will be analysed by the path dependency method. In addition, I...
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Resource curse theory - An example of Venezuela
Hruška, Pavel ; Kučerová, Irah (advisor) ; Krausz Hladká, Malvína (referee)
The main objective of this Master thesis was to test the claim that economic dependence on oil exports impedes enduring democratic stability in the case of Venezuela in the period of 1970-2010. This assumption was based on a broad resource curse theory which addresses negative economic, political and social consequences of precious resource export dependency. The hypothesis was that exogenous variables could intesify these malign consequences. In this study we focused on the role(s) performed by multinational oil corporations (MICs) in Venezuelan petroleum industry, on the impact of the nationalization of the oil sector and on the impact of the foundation of a state-owned corporation PDVSA, which became responsible for subsequent development of oil extraction. Fist, I proved that the nationalization led to profound restructuring of institutional and power relations that had negative impact on economic prosperity and stability of the democratic regime in a long-term perspective. Soon after its establishment the national oil corporation became an independent actor able to follow its own agenda and to promote its own economic and political interests and therefore polarized the already divided society. Second, I documented empirical evidence that corroborated most of the previous theoretical...
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