Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/229419
Authors: 
Lebdioui, Amir
Year of Publication: 
2021
Series/Report no.: 
WIDER Working Paper No. 2021/18
Abstract: 
Underlying the management of revenues from natural resource extraction is a set of assumptions about how abundant and how valuable these resources are. Nevertheless, existing approaches to measuring the value of extractive resources are seriously flawed. This paper proposes two avenues for improving them. It explains how a multidimensional approach to measuring resource wealth can be used to identify the policy challenges that a country might face as it sets out its strategy for managing extractive revenues. It also provides a rethinking of the valuation of extractive wealth by integrating environmental considerations. Extractive activities can at times incur a great loss of (renewable) opportunity income, either directly or indirectly, because of their environmental impact. By analysing a range of examples from across the globe, this paper extracts key lessons on the true value of extractives and why it matters for policy makers, civil society, and international donors today.
Subjects: 
natural resource
valuation of extractive wealth
environmental impact
extractive activities
JEL: 
O13
Q2
Q3
Q5
Persistent Identifier of the first edition: 
ISBN: 
978-92-9256-952-5
Creative Commons License: 
https://creativecommons.org/licenses/by-nc-sa/3.0/igo/
Document Type: 
Working Paper

Files in This Item:
File
Size
732.46 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.