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Aggressive oil extraction and precautionary saving : coping with volatility

Ploeg, Frederick van der - 2010

The effects of stochastic oil demand on optimal oil extraction paths and tax, spending and government debt policies are analyzed when the oil demand schedule is linear and preferences quadratic. Without prudence, optimal oil extraction is governed by the Hotelling rule and optimal budgetary...

Persistent link: https://www.econbiz.de/10003966514

Oil project selection by metrics

Emhjellen, Magne; Osmundsen, Petter - 2016

The recent fall in oil prices has led to extensive capital rationing, and thereby given rise to a renewed focus on parameters for project selection which supplement net present value. While the financial crisis was creating capital constraints, the oil industry seemed to be paying great...

Persistent link: https://www.econbiz.de/10011474983

Health care expenditure and income : a global perspective

Baltagi, Badi H.; Lagravinese, Raffaele; Moscone, Francesco - 2016

This paper investigates the long-run economic relationship between health care expenditure and income in the world … in the form of either a common factor model or a spatial process. We estimate a global measure of income elasticity using … all countries in the sample, and for sub-groups of countries, depending on their geo-political area and income. Our …

Persistent link: https://www.econbiz.de/10011540773

Pushing one's luck : petroleum ownership and discoveries

Brunnschweiler, Christa N.; Poelhekke, Steven - 2021

We present a new dataset that tracks changes in legal ownership regimes in the petroleum sector between 1867 and 2008 for a panel of countries. We document that foreign ownership has been taken over by partnerships as the leading ownership regime, while domestic ownership is on the rise again in...

Persistent link: https://www.econbiz.de/10012597015

Rent taxes on natural resources in Norway : a short overview

Amundsen, Eirik Schrøder - 2024

For a long time, Norway has had resource rent taxes on oil- and natural gas extraction as well as on hydropower generation. Recently, resource rent taxes have also been levied on aquaculture, and wind power generation. This paper, gives a short overview of the rent theory, the basis for rent...

Persistent link: https://www.econbiz.de/10014464208

Evidence from auctions for natural resources

Bošković, Branko; Nøstbakken, Linda - 2016

This paper examines the effect that endangered species regulation has on natural resource development. Specifically, we use data from competitive auctions to estimate the effect that land-use regulation protecting endangered caribou in the Canadian province of Alberta has on the price producers...

Persistent link: https://www.econbiz.de/10011482890

The impact of declining oil rents on tax revenues : does the shadow economy matter?

Ishak, Phoebe W.; Farzanegan, Mohammad Reza - 2020 - This version: 17.02.2020

We study the association between oil rents and tax revenues, highlighting the importance of the shadow economy as a mediating factor. We present a simple theoretical model demonstrating that decreasing oil rents are likely to be positively associated with the tax revenues in a country with a...

Persistent link: https://www.econbiz.de/10012171685

Oil and civil conflict : on and off (shore)

Andersen, Jørgen Juel; Nordvik, Frode Martin; Tesei, Andrea - 2017

opposite effects can be explained by a fighting capacity mechanism, whereby the government can use offshore oil income to …

Persistent link: https://www.econbiz.de/10011603125

Oil wealth and property rights

De Soysa, Indra; Krieger, Tim; Meierrieks, Daniel - 2020

We empirically examine the impact of oil wealth on property rights protection for a sample of 156 countries between 1960 and 2014. We find that higher levels of oil wealth result in weaker private property rights. This result is robust to different instrumental-variable approaches and...

Persistent link: https://www.econbiz.de/10012219700

Breakthrough renewables and the green paradox

Ploeg, Frederick van der - 2012

We show how a monopolistic owner of oil reserves responds to a carbon-free substitute becoming available at some uncertain point in the future if demand is isoelastic and variable extraction costs are zero but upfront exploration investment costs have to be made. Not the arrival of this...

Persistent link: https://www.econbiz.de/10009665356