The Political Economy of Oil Production in Latin America
Osmel Manzano () and
Francisco Monaldi ()
Economía Journal, 2008, vol. Volume 9 Number 1, issue Fall 2008, 59-103
"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."
Keywords: Oil industry; expropiation; invesment; taxation; Latin America (search for similar items in EconPapers)
JEL-codes: H21 Q40 Q48 (search for similar items in EconPapers)
References: Add references at CitEc
Citations: View citations in EconPapers (7) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:col:000425:008595
Access Statistics for this article
More articles in Economía Journal from The Latin American and Caribbean Economic Association - LACEA
Bibliographic data for series maintained by LACEA ().