It is often argued that, ethically, resource rents should accrue to all citizens. Yet in reality the rents from exploiting national resources are often concentrated in the hands of a few. If resource rents were to be taxed, on the other hand, substantial amounts of public money could be raised...

Papua New Guinea has had a diverse history of contestation over resource revenues during its past forty years since independence. The major actors have been the national and provincial level governments and politicians, international development agencies, resources companies and local landowners...

This paper explores the emergence and evolution of social contestation over mineral resources in Zimbabwe through three decades and successive models of state engagement around extractives, revenue mobilization and development planning. It investigates patterns of contestation and outcomes...

In 2006, the discovery of world-class deposits of alluvial diamonds in Marange District in eastern Zimbabwe offered important opportunities for the mobilization of significant revenues in a period of severe and worsening economic and social crisis. The new resources quickly became the subject of...

In this paper we document the stylized facts about the relationship between international oil price swings, sovereign risk and macroeconomic performance of oil-exporting economies. We show that even though being a bigger oil producer decreases sovereign risk–because it increases a...

A government bargains a mutually convenient agreement with a multinational corporation to extract a natural resource. The corporation bears the initial investment and earns as a return a share on the profits. The host country provides access and guarantee conditions of operation. Being the...