Ireland’s licensing regime in an international context
Ireland’s licensing regime in an international context
This chapter extends the analysis of models of hydrocarbon management by considering their implementation via fiscal systems as a specific strand of state policy. This chapter combines academic and industry literature to examine the four main approaches to state resource management and their association with the ‘development status’ of a country (Kaiser and Pulsipher, 2004; 2006). Attention is paid to the influence of ideology on the four approaches, particularly in relation to how the models originate from varying perspectives of state resource ownership and control. The chapter considers the utilisation of these types of fiscal systems in a range of countries and discusses their outcomes in the form of ‘rent’ or ‘government take’. Utilising secondary data from several international studies of ‘government take’, the chapter emphasises how Ireland's model of resource management is unique both in terms of it being a licensing system (used in less than half the countries with hydrocarbon production worldwide) and its very low rates of government take (one of the lowest in the world). Thus, this chapter underscores the distinctiveness of the Irish model, raising further questions around why Ireland's approach is quite exceptional - answers to which are provided in the following chapter.
Keywords: Fiscal systems, Ideology, Ownership and control of resources, Rent, Government take
Manchester Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.
Please, subscribe or login to access full text content.
If you think you should have access to this title, please contact your librarian.
To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.
