The Extractive Industries Sector : Essentials for Economists, Public Finance Professionals, and Policy Makers

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. The objecti...

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Bibliographic Details
Main Authors:	Halland, Havard, Lokanc, Martin, Nair, Arvind, Kannan, Sridar Padmanabhan
Format:	Book
Language:	English en_US
Published:	Washington, DC: World Bank 2015
Subjects:	NATIONAL ACCOUNTING SOCIAL COSTS CAPITAL MARKETS GEOLOGICAL DATA RECLAMATION INTERGENERATIONAL EQUITY ECONOMIC GROWTH ENVIRONMENTAL PROTECTION WASTE MANAGEMENT PRICE ELASTICITY OF DEMAND CHANGE IN DEMAND AGRICULTURAL PRODUCTION EXPECTATIONS MARGINAL COST PRODUCERS RESOURCE MANAGEMENT PROPERTY RIGHTS ENVIRONMENTAL COSTS BALANCE OF PAYMENTS ELASTICITY OF DEMAND FINANCIAL RESOURCES LABOR FORCE EMISSIONS POLITICAL ECONOMY REVENUES ENVIRONMENTAL ISSUES SUPPLY CURVES ENVIRONMENTAL REGULATIONS ECONOMIC EFFECTS INCENTIVES LABOR INPUTS TAX SYSTEMS MODELS SUSTAINABLE DEVELOPMENT OLIGOPOLY ECONOMIC ANALYSIS AUDITS DEVELOPED COUNTRIES ECONOMIC ACTIVITY PRESENT VALUE EXPLOITATION OIL GOVERNMENT REGULATIONS CAPITAL GAINS NATURAL CAPITAL COST-BENEFIT ANALYSES FIXED COSTS REPLACEMENT COSTS OPTIONS QUOTAS DEMAND CURVES OPEC BARRIERS TO ENTRY DEBT PRODUCTION TECHNOLOGY POLLUTION BENEFIT ANALYSIS DIVIDENDS ENVIRONMENTAL ECONOMICS NATURAL RESOURCES METALS SUBSIDIES EFFICIENCY TAXES LAND USE OPTION VALUE RESOURCES UNEMPLOYMENT POTENTIAL INVESTORS EQUITY CONSUMPTION TECHNOLOGICAL CHANGE ECONOMIC IMPACT WAGES CLIMATE CHANGE ECONOMIC BEHAVIOR ENVIRONMENTAL MANAGEMENT VALUES MARKET PRICES ECONOMIC VALUE POLICY MAKERS ELASTICITIES CREDIT ENVIRONMENTAL IMPACTS PURCHASING POWER DEMAND MINES ASSET VALUATION MARGINAL COSTS PUBLIC EXPENDITURES PRICE CHANGES INTERMEDIATE GOODS EXPENDITURES PROPERTY DECISION MAKING ECONOMIC RENTS TAX RATES OPPORTUNITY COSTS TRANSACTION COSTS ENVIRONMENT OLIGOPOLIES THEORETICAL MODELS COMPLEX TASK STREAMS ECONOMICS SECURITIES TAX REVENUE ECONOMIC_IMPACT ECONOMIC DEVELOPMENT CARTELS TRADE LAND ECONOMIES OF SCALE POLLUTION PERMITS OIL REFINERIES PRICE CEILINGS HEALTH PROBLEMS ADMINISTRATIVE PROCEDURES COMPARATIVE ADVANTAGE COAL FARMS MARKET POWER OIL RESERVES LAW OF DEMAND REVENUE EMPIRICAL EVIDENCE PRIVATE CONSUMPTION CHLORINE RISK MANAGEMENT ENVIRONMENTAL ACCOUNTING RECYCLING ECONOMISTS PROFITS PRODUCTION PATTERNS ENVIRONMENTAL PUBLIC GOOD WETLANDS PRICES OIL SECTOR PRODUCTION COSTS ECONOMIC CONDITIONS ECONOMIES PUBLIC GOODS ENVIRONMENTAL POLICIES
Online Access:	http://documents.worldbank.org/curated/en/2015/08/24928255/extractive-industries-sector-essentials-economists-public-finance-professionals-policy-makers http://hdl.handle.net/10986/22541

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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. The objective of this volume is to provide a concise overview of EI-related topics these professionals are likely to encounter. The volume provides an overview of issues central to EI economics; discusses key components of the sector’s governance, policy, and institutional frameworks; and identifies the public sector’s EI-related financing obligations. Its discussion of EI economics covers the valuation of subsoil assets, the economic interpretation of ore, and the structure of energy and mineral markets. The volume maps the responsibilities of relevant government entities and outlines the characteristics of the EI sector’s legal and regulatory frameworks. 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 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.

The Extractive Industries Sector : Essentials for Economists, Public Finance Professionals, and Policy Makers

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