Arbeitspapier
Estimating the Value of Oil Capital in a Small Open Economy: the Venezuela's Example
The paper focuses in the calculation of the oil capital value in a small open economy depending on oil rents. The Venezuelan case is used as an example. In valuing the oil capital, two issues are recalled and discussed: how should the exploration costs and the capital gains be treated? It is shown that the estimations vary significantly depending on which set of assumptions are made about the way to account for them and the assumptions made about how the economy functions. It is argued that during the studied period the value of the Venezuelan stock of oil capital has increased, and it has done so faster than the population.
- Sprache
-
Englisch
- Erschienen in
-
Series: Nota di Lavoro ; No. 108.2003
- Klassifikation
-
Wirtschaft
Organizational Behavior; Transaction Costs; Property Rights
- Thema
-
Venezuela
Oil Capital
Capital Gains
Exploration Costs
Property Rights
Erdöl
Erdölvorkommen
Sachenrecht
Bewertung
Wertzuwachssteuer
Erdölgewinnung
Kosten
Allokation
Venezuela
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Aniyar, Sara
- Ereignis
-
Veröffentlichung
- (wer)
-
Fondazione Eni Enrico Mattei (FEEM)
- (wo)
-
Milano
- (wann)
-
2003
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Aniyar, Sara
- Fondazione Eni Enrico Mattei (FEEM)
Entstanden
- 2003
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