| Description |
1 online resource |
| Contents |
Front Cover ; Contents; Acknowledgments; About the Authors; Abbreviations; Overview ; What Should We Know about the Extractive Industries Sector?; Notes; Organization of this Volume; Chapter 1 Defining Sector Policy Objectives; The Extractive Industries Value Chain; Improving Revenue Mobilization; Generating Extractive-Based Economic and Social Development; Note; Chapter 2 The Economics of the Extractive Industries Sector; Accounting for Physical Stocks: Resources, Reserves, and the Economic Interpretation of Ore; Theory of Rents and Valuation of Subsoil Assets |
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Structure of Energy and Mineral MarketsNotes; Chapter 3 Institutional Framework; Mandates and Coordination; Role of the Sector Ministry; Roles of the Ministry of Finance and Revenue-Collecting Agencies; Role of the National Resource Company; Roles of Other Ministries and Government Agencies; Note; Chapter 4 Investment and Production Cycles; Characteristics of Extractive Industry Investments; The Mining Cycle; The Oil and Gas Cycle; Chapter 5 Extractive Industries Policy; Policy and Regulatory Frameworks; Sector Financing, Ownership, and Liabilities |
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Mineral Legislation, Regulation, and Contracting RegimesEstablishing and Maintaining a Geodata Information Base; Mineral Rights Cadastre; Overview of Extractive Industries Tax and Royalty Regimes; Enhancing Competitiveness and Productivity; Note; Chapter 6 Monitoring and Enforcing Contracts: Legal Obligations and Institutional Responsibilities; Legal and Contractual Regimes; Building Transparency and Accountability in Contract and Revenue Management; Monitoring and Enforcing Fiscal Regimes for the Extractive Sector; Environmental Safeguards: Financial Sureties for Decommissioning |
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Social Safeguards: Community Foundations, Trusts, and FundsChapter 7 Public Infrastructure and Investment; From Subsoil Assets to Above-Ground Investment; Infrastructure Investment; Chapter 8 Economic Diversification and Local Content Development; Developing Linkages; Appendix A Resource Classification Frameworks; The Four Classification Codes; Committee for Mineral Reserves International Reporting Standards (CRIRSCO); The Society of Petroleum Engineers-Petroleum Resources Management System (SPE-PRMS) |
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United Nations Framework Classification for Fossil Energy and Mineral Reserves and Resources 2009System of Environmental-Economic Accounting 2012; Appendix B Types of Economic Rents; Hotelling Rents, or User Costs; Ricardian Rents; Quasi-Rents; Appendix C Impact of Income Changes on Commodity Demand; How Does Demand for Commodities Adjust?; Notes; Appendix D Effective Resource Contract Enforcement: A Checklist of Guidelines; Why Use a Checklist?; Resource Revenue Collection; Resource Revenue Projections and Macrofiscal Planning; Management of Expenditure and Contingent Liabilities; References |
| Summary |
The extractive industries (EI) sector occupies an outsize space in the economies of many developing countries. Economists, public finance professionals, and policy makers working in such countries are frequently confronted with issues that require an in-depth understanding of the sector; its economics, governance, and policy challenges; as well as the implications of natural resource wealth for fiscal and public financial management. Specific key functions of the sector are briefly discussed, as are the financial structures that underpin environmental and social safeguards; investment of public revenues generated from oil, gas, or minerals; as well as extractive-based economic diversification. The authors hope that, economists, public finance professionals, and policy makers working in resource-rich countries--including decision makers in ministries of finance, international organizations, and other relevant entities--will find the study useful to their understanding and analysis of the EI sector |
| Notes |
"A World Bank study." |
| Bibliography |
Includes bibliographical references (pages 121-129) |
| Notes |
Print version record and CIP data provided by publisher |
| Subject |
Mineral industries -- Social aspects
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Mineral industries -- Environmental aspects.
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Mineral industries -- Environmental aspects -- Developing countries
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Sustainable development -- Developing countries
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Economic development projects -- Developing countries -- Evaluation
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BUSINESS & ECONOMICS -- Industries -- General.
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Economic development projects -- Evaluation
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Mineral industries -- Environmental aspects
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Mineral industries -- Social aspects
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Sustainable development
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Developing countries
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| Form |
Electronic book
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| Author |
Lokanc, Martin, author
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Nair, Arvind, author
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Kannan, Sridar P., author
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| LC no. |
2016299609 |
| ISBN |
9781464804939 |
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1464804931 |
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1464806055 |
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9781464806056 |
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