EconPapers    
Economics at your fingertips  
 

Harnessing Resource Revenues for Prosperity in Zambia

Christopher Adam () and Anthony Simpasa ()

No 36, OxCarre Working Papers from Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford

Abstract: This paper examines the macroeconomic management of Zambia’s natural resource endowment over the past century. We describe how the state has adopted different strategies to secure a share of the rents from copper mining, how these strategies have affected incentives for exploration and production and how the associated macroeconomic policy regimes have shaped the value and distribution of the natural resource rents. We focus principally on the shift from public back to private ownership and control of the sector that took place at the end of the 1990s and on how the terms of the privatization affected the impact of the commodity price boom of 2003-08 on the domestic economy. We suggest that while the state and people of Zambia captured a nugatory share of the rents accruing from this boom, high levels of investment in the sector, combined with recent reforms to the mining taxation regime and in the conduct of macroeconomic policy have left Zambia better-placed to benefit from future growth in the copper sector.

Keywords: Zambia; macroeconomic management; copper mining; rents; natural resources; private ownership; commodity price (search for similar items in EconPapers)
JEL-codes: Q30 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-afr and nep-env
Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (5) Track citations by RSS feed

Downloads: (external link)
http://www.oxcarre.ox.ac.uk/images/stories/papers/ ... /oxcarrerp201036.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oxf:oxcrwp:036

Access Statistics for this paper

More papers in OxCarre Working Papers from Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford Contact information at EDIRC.
Bibliographic data for series maintained by Antonella Surdi ().

 
Page updated 2018-09-16
Handle: RePEc:oxf:oxcrwp:036