In this paper, the author examines the current structure of the tax system for hydrocarbon production in Trinidad and Tobago in light of global trends in hydrocarbon taxation. Some of the main features of the tax regime are compared and benchmarked against what the literature has defined as best...

After the Soviet breakup, Central Asia has gained importance for several States because of its geographical location and abundance of hydrocarbon reserves. These hydrocarbon reserves are located mainly in three countries: Kazakhstan, Turkmenistan and Uzbekistan. Each of them has taken different...

Recent studies on oil market demonstrate endogeneity of oil price by modeling it as a function of consumption and precautionary demands and producers’ supply. However, studies analysing the effect of oil price uncertainty on investment, do not disentangle uncertainties raised by underlying...

Even as Trinidad and Tobago seeks productive diversification away from the energy sector, the process underlying the country s productive development policies (PDP) is in a state of transition from state-directed industrial policy to a newer approach with extensive private-public participation....

Many nations allow private entities to manage publicly funded schools and grant them greater flexibility than traditional public schools. However, isolating the causal effect of attending these privately managed public schools relative to attending traditional public schools is difficult because...

Energy revenues represent roughly 45 percent of Trinidad and Tobago's GDP and are highly volatile since they are correlated with the price of oil and gas. Hence, sharp changes in energy prices, whether temporary or sustained, can have important consequences for economic growth and overall...

Is a school's impact on high-stakes test scores a good measure of its overall impact on students? Do parents value school impacts on high-stakes tests, longer-run outcomes, or both? To answer the first question, we apply quasi-Experimental methods to data from Trinidad and Tobago and estimate...

In the light of Trinidad and Tobago’s colonial history, its labour market is characterized by two about equal sized majority racial groups that had during colonialism been highly segregated in terms of education, occupation, industry and sector of work and facing a large institutionalized pay...