Regulation and State Intervention in Non-Renewable Natural Resources
Regulation and State Intervention in Non-Renewable Natural Resources

Author: Enrique Kawamura

Publisher:

Published: 2015

Total Pages: 51

ISBN-13:

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This paper develops a theoretical model based on stylized facts regarding regulation and performance of the oil and gas sectors in Argentina after the fall of Convertibility. Regarding performance, facts include an important drop in domestic production and investment, as well as a reversal in the energy trade balance (from surplus to deficit). Regulations include a direct government intervention in upstream and downstream prices (below international ones), together with strong restrictions to export. The model uses a self-enforcing equilibrium concept derived from Yared (2010) to endogeneize such policy variables such as upstream domestic prices and downstream energy prices. The model can explain some of the regulation policies observed in the facts, including very low energy prices and strictly positive subsidies.

The Economics of Natural Resources in Latin America
The Economics of Natural Resources in Latin America

Author: Osmel Manzano

Publisher:

Published: 2018

Total Pages: 0

ISBN-13: 9781138085367

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The taxation of non-renewable resources in Latin America : introduction and overview -- The effects of commodity taxation on sector performance -- Towards efficient taxation of minerals : the case of copper in Chile -- Two sectors, two approaches : resource taxation in Peru -- Not all fields are created equal : the challenge of oil taxation in Venezuela -- Regulation and state intervention in non-renewable natural resources : the cases of the oil and gas sectors in Argentina -- Oil sector performance and institutions in Latin America -- Transparency matters -- Index

Rents to Riches?
Rents to Riches?

Author: Naazneen Barma

Publisher: World Bank Publications

Published: 2011-12-08

Total Pages: 303

ISBN-13: 0821387162

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This volume focuses on the political economy surrounding the detailed decisions that governments make at each step of the value chain for natural resource management. From the perspective of public interest or good governance, many resource-dependent developing countries pursue apparently short-sighted and sub-optimal policies in relation to the extraction and capture of resource rents, and to spending and savings from their resource endowments. This work contextualizes these micro-level choices and outcomes.

Natural Resources and Violent Conflict
Natural Resources and Violent Conflict

Author: Ian Bannon

Publisher: World Bank Publications

Published: 2003-01-01

Total Pages: 432

ISBN-13: 9780821355039

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Research carried out by the World Bank on the root causes of conflict and civil war finds that a developing country's economic dependence on natural resources or other primary commodities is strongly associated with the risk level for violent conflict. This book brings together a collection of reports and case studies that explore what the international community in particular can do to reduce this risk.; The text explains the links between natural resources and conflict and examines the impact of resource dependence on economic performance, governance, secessionist movements and revel financing. It then explores avenues for international action - from financial and resource reporting procedures and policy recommendations to commodity tracking systems and enforcement instruments, including sanctions, certification requirements, aid conditionality, legislative and judicial instruments.

The Economics of Natural Resources in Latin America
The Economics of Natural Resources in Latin America

Author: Osmel E. Manzano M.

Publisher: Routledge

Published: 2017-11-15

Total Pages: 240

ISBN-13: 1351618865

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Revenues from commodities are extremely important for Latin America and the Caribbean, yet there is very little literature on the structure of these industries and on the various ways in which the state obtains commodity revenues. This book aims to understand the trade-off between the degree of taxation overall, the profitability of the relevant industry and the amount of investment and subsequent production in the region, as well as the relevance of institutions in the performance of the sector. This volume focuses on economic efficiency: where Latin America stands in terms of the current tax system for the extractive sector; how policies have changed in this regard; and how policies may be improved. The Economics of Natural Resources in Latin America is timely, since this new era of lower and volatile prices and possible reconfiguration of investment flows poses a challenge to natural resource tax systems in the world. The argument of the book will be made by a collection of papers around the issue of tax efficiency in the region and concludes with chapters on institutions and the role of transparency. This book shows that there are varieties of experiences in resource taxation and management of revenues in Latin America that could be used to shape policy interventions in other regions. This variety is not only related to their diverse impact on welfare, but also on the policy challenges faced by the countries in the region. This volume is well suited for those who study and find interest in development economics, political economy and public finance, as well as policy

Natural Resources as Capital
Natural Resources as Capital

Author: Larry Karp

Publisher: MIT Press

Published: 2017-10-27

Total Pages: 433

ISBN-13: 0262534053

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An introduction to the concepts and tools of natural resource economics, including dynamic models, market failures, and institutional remedies. This introduction to natural resource economics treats resources as a type of capital; their management is an investment problem requiring forward-looking behavior within a dynamic setting. Market failures are widespread, often associated with incomplete or nonexistent property rights, complicated by policy failures. The book covers standard resource economics topics, including both the Hotelling model for nonrenewable resources and models for renewable resources. The book also includes some topics in environmental economics that overlap with natural resource economics, including climate change. The text emphasizes skills and intuition needed to think about dynamic models and institutional remedies in the presence of both market and policy failures. It presents the nuts and bolts of resource economics as applied to nonrenewable resources, including the two-period model, stock-dependent costs, and resource scarcity. The chapters on renewable resources cover such topics as property rights as an alternative to regulation, the growth function, steady states, and maximum sustainable yield, using fisheries as a concrete setting. Other, less standard, topics covered include microeconomic issues such as arbitrage and the use of discounting; policy problems including the “Green Paradox”; foundations for policy analysis when market failures are important; and taxation. Appendixes offer reviews of the relevant mathematics. The book is suitable for use by upper-level undergraduates or, with the appendixes, masters-level courses.

The Sustainability of Agro-Food and Natural Resource Systems in the Mediterranean Basin
The Sustainability of Agro-Food and Natural Resource Systems in the Mediterranean Basin

Author: Antonella Vastola

Publisher: Springer

Published: 2015-04-24

Total Pages: 412

ISBN-13: 3319163574

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This book is focused on the challenges to implement sustainability in diverse contexts such as agribusiness, natural resource systems and new technologies. The experiences made by the researchers of the School of Agricultural, Forestry, Food and Environmental Science (SAFE) of the University of Basilicata offer a wide and multidisciplinary approach to the identification and testing of different solutions tailored to the economic, social and environmental characteristics of the region and the surrounding areas. Basilicata’s productive system is mainly based on activities related to the agricultural sector and exploitation of natural resources but it has seen, in recent years, an industrial development driven by the discovery of oil fields. SAFE research took up the challenge posed by market competition to create value through the sustainable use of renewable and non-renewable resources of the territory. Moreover, due to its unique geographical position in the middle of the Mediterranean basin, Basilicata is an excellent “open sky” laboratory for testing sustainable solutions adaptable to other Mediterranean areas. This collection of multidisciplinary case studies and research experiences from SAFE researchers and their scientific partners is a stimulating contribution to the debate on the development of sustainable techniques, methods and applications for the Mediterranean regions.

Sustaining Natural Resources in a Changing Environment
Sustaining Natural Resources in a Changing Environment

Author: Linda Hantrais

Publisher: Routledge

Published: 2020-06-09

Total Pages: 143

ISBN-13: 0429779313

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Climate change and environmental degradation have intensified the pressures on crucial resources such as food and water security and air quality. In this collection, academic researchers and practitioners who have lived and worked in countries as geographically and culturally diverse as Brazil, China, India, Ghana, Palestine, Uganda and Venezuela draw on their wide-ranging international and inter-sectoral experience to offer valuable comparative insights into the relationship between research and evidence-based policy for sustaining natural resources. Their contributions provide a novel mix of disciplinary perspectives ranging across geography, ecology, social policy, the political economy, philosophy, international development, engineering technology, architecture and urban planning. They examine the institutions involved in generating and mediating evidence about the sustainability of natural resources in a changing environment, and the different methodologies employed in collecting and assessing evidence, informing policy and contributing to governance. The authors demonstrate not only that social science evidence on governance and policy implementation to sustain natural resources must complement natural science inputs, but also that local communities must be an integral part of any programme development. This book was originally published as a special issue of Contemporary Social Science.