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The Political Economy of Oil Production in Latin America

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  • Osmel Manzano

    ()

  • Francisco Monaldi

    ()

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    Abstract

    "This paper studies the cycles of investment and expropriation in the contextof the Latin American oil sector. In particular, it provides an explanationfor the state´s difficulties in capturing the oil rents and rationalizes the tendencyof governments to periodically renege on their prior agreements pursuingthe quasi-rents. The paper does not try to provide a general proposal forthe right fiscal and contractual structure, however, as the right structure mustbe tailored to each country."

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    File URL: http://www.brookings.edu/press/Journals/2008/economiafall2008.aspx
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    Bibliographic Info

    Article provided by LACEA - LATIN AMERICAN AND CARIBBEAN ECONOMIC ASSOCIATION in its journal JOURNAL OF LACEA ECONOMIA.

    Volume (Year): (2008)
    Issue (Month): ()
    Pages:

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    Handle: RePEc:col:000425:008595

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    Related research

    Keywords: Oil industry; expropiation; invesment; taxation; Latin America;

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    Cited by:
    1. James L. Smith, 2012. "Issues in Extractive Resource Taxation," IMF Working Papers 12/287, International Monetary Fund.
    2. Stan du Plessis, 2011. "Nationalising South African mines: Back to a prosperous future, or down a rabbit hole?," Working Papers 17/2011, Stellenbosch University, Department of Economics.
    3. Smith, James L., 2013. "Issues in extractive resource taxation: A review of research methods and models," Resources Policy, Elsevier, vol. 38(3), pages 320-331.

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