Purpose – This paper seeks to explore the factors behind the slow growth of economies with abundant oil and gas resources, despite the opportunities these resources potentially represent. Design/methodology/approach – The building blocks of standard economic growth models and the implication...

Subsidy exists when consumers are assisted by the government to pay less than the prevailing market price of a given commodity. In respect of fuel subsidy, it means that consumers would pay below the market price per litre of petroleum product. This paper is aim at analysing the effects of the...

The aim of this paper is to evaluate the socio-economic impact of the allocation of royalties from oil extraction on regional development through a case study on the Basilicata region (Italy). We examine how the regional government's chosen policies have impacted the income of Basilicata...