A discussion of the main controversies over the tax treatment of the natural resource industries, of optimal taxation in relation to various policy objectives, and of the possibility of attaining these objectives through the main forms of taxation and royalties now in existence.

This paper deals with the effect of taxation on the extraction path of a nonrenewable natural resource. It presents a synthesis of some recent papers on the subject. Although the analytical framework is designed to study the effect of quite general forms of taxes, the emphasis is put in the...

The purpose of this paper is to comment on the investment equations of the CANDIDE model. The formulation of these equations is based on Jorgenson's theory of investment which is frequently used as a basis for investment expenditures analysis.