A number of countries have recently discovered and are developing oil and gas reserves. Policy makers in such countries are anxious to obtain the greatest benefits for their economies from the extraction of these exhaustible resources by designing appropriate policies to achieve desired goals....

A number of countries have recently discovered and are developing oil and gas reserves. Policy makers in such countries are anxious to obtain the greatest benefits for their economies from the extraction of these exhaustible resources by designing appropriate policies to achieve desired goals....

A number of countries have recently discovered and are developing oil and gas reserves. Policy makers in such countries are anxious to obtain the greatest benefits for their economies from the extraction of these exhaustible resources by designing appropriate policies to achieve desired goals....

Oil resources usually play a significant role in oil-rich countries, in gross domestic product and government revenues. High dependence of government revenues on oil can contribute to severe recession following an adverse commodity price shock, such as in 2014. This paper examines the extent to...

Petroleum has become an integral part of today's global economy and a key component of many national economies. Hence, the presence of petroleum in meaningful quantities can have important economic, developmental, and strategic consequences for a country. While a country's petroleum resource...

Steadily increasing demand for water poses a threat to sustainable development, and an increasing number of regions are chronically short of water. Putting caps on water consumption, increasing water use efficiencies, and supporting improved sharing of water resources are now critical to...

Steadily increasing demand for water poses a threat to sustainabledevelopment, and an increasing number of regions are chronicallyshort of water. Putting caps on water consumption, increasing water useefficiencies, and supporting improved sharing of water resources are nowcritical to reducing...