Handbook of Multilevel Finance
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Handbook of Multilevel Finance

Edited by Ehtisham Ahmad and Giorgio Brosio

This Handbook explores and explains new developments in the “second generation” theory of public finance, in which benevolent rulers and governments have been replaced by personally motivated politicians and the associated institutions. Following a comprehensive introduction by the editors, the renowned contributors present fresh and original perspectives on the key multi-level issues, along with recent developments in theory and practice, as they relate to taxes, budget systems, the management of liabilities and macroeconomic stability. The book also explores special issues concerning the poor and marginalized, structural change and the environment, natural disasters, and the task of overcoming conflicts whilst keeping countries together.
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Chapter 20: The sharing of natural resource revenues between levels of government

Giorgio Brosio


Sharing of natural resource revenue (NRR) among levels of government has become a salient issue in intergovernmental relations and in minerals and oil and gas national policies. Developments in technology and growing international prices have expanded the number of countries in which natural resources are, or could be, produced. The recent years have also witnessed a large increase in the price of these commodities, which has led, in turn, to a corresponding increase of the amount of NRR received by the public sector. In many countries also governments have exploited the growth of price to appropriate a larger share of the rent – also referred to as the government take. There is increasing pressure from local governments to have their claims recognized to a (larger) share of NRR. In addition, there is a growing concern – not only at the local level – about the environmental impact of NRR exploration and, particularly, production activities. This concern is not circumscribed only to developing countries, but is also present in the industrialized world, particularly in Europe and other densely populated regions. Minerals, oil, forests, hydropower energy and fisheries are the main natural resources subject to competition by distinct levels of government and dealt with in the literature. Other assets, such as cultural heritage, natural attractions or huge infrastructure located in strategic areas, such as the Panama Canal, can and are being treated akin to natural resources.

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