Zum Bild einer modernen Wirtschaft gehört häufig die Vorstellung, dass durch die Expansion des Dienstleistungssektors die Bedeutung der Industrie und damit auch der Verbrauch mineralischer Rohstoffe zurückgehen würden. Tatsächlich nimmt deren Verbrauch selbst in hochentwickelten...

Rohstoffe sind noch immer Hauptexportprodukte vieler Länder mit geringem Einkommen und somit Hauptquelle für ihre Exporterlöse. Preisschwankungen an internationalen Rohstoffmärkten stellen daher für diese Länder ein erhebliches Problem dar. Sie beeinflussen die Staatseinnahmen, die...

We consider a competitive extraction industry comprising many small firms, each with a slightly different quality of mineral holdings. With "rapidly" declining quality of holding per firm we observe rent declining over and interval. We do not work with the planning solution, commonly invoked in...

Over the twentieth century, Canada's energy, forestry, and mining industries played a substantial and increasing role in the growth and development of the aggregate economy. Despite the improving fundamentals that were underlying their increased contributions to the size, capital intensity, and...

This paper focuses on the interactions between local communities having at least some degree of informal claims over natural resources and external agents, particularly firms interested in commercial resource exploitation. The paper makes three contributions to the existing literature. First,...

This paper provides a formal survey of price and quantity instruments for mitigating global warming. We explicitly consider policies' impact on the incentives of resource owners who maximize their profits intertemporally. We focus on the informational and commitment requirements of the...

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...

A windfall of natural resource revenue (or foreign aid) faces government with choices of how to manage public debt, investment, and the distribution of funds for consumption, particularly if the windfall is both anticipated and temporary. We show that the permanent income hypothesis prescription...

This study provides information designed to encourage sectoral social dialogue in the extractive industries sector. The aim of Eurofound’s series of representativeness studies is to identify the relevant national and supranational social partner organisations in the field of industrial...