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- W569818664 abstract "The study aims to answer questions of how a government generates and captures rents from the extractive industries. This core upstream challenge for resource-rich governments involves three key sets of policy choices that link the value chain dimensions of sector organization and revenue collection: model of ownership, contract models, and fiscal regimes. The countries studied for this project exhibited significant variation across the following contracting and licensing dimensions: the level of transparency in procedures for awarding exploration licenses and production contracts; the level of competition in the allocation of permits; and the procedures used to prequalify bidders or applicants.The study concludes that for natural resource rents to be transformed into developmental riches, they must first be secured through incentive-compatible policy on sector organization." @default.
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- W569818664 date "2012-01-01" @default.
- W569818664 modified "2023-09-24" @default.
- W569818664 title "The political economy of extracting resource wealth : natural resource sector organization and ownership" @default.
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