rate, political stability and corruption shape the relationship between natural resources and tourism revenues. This study …. Second, above certain thresholds, natural resources curse the tourism sector through the corruption of exchange rate. These … activities that generate corruption and the adoption of appropriate exchange rate regime is recommended but this requires further …

stability in fighting corruption and boosting corruption-control in 53 African countries for the period 1996-2010. We postulate … corruption-control. On the other hand, in the absence such impunity from corruption, political instability further fuels … corruption. Our findings validate both hypotheses. Hence, contrary to a stream of the literature, we establish causal evidence of …