Efficient Sector Expropriation

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Nationalization

Nationalization can happen through methods such as expropriation, negotiated purchases, or legislation mandating the transfer of ownership. ... The government thought that enhancing the productivity and efficiency of that sector was vital, and they had the capabilities to get the job done.

Expropriation Law | Gowling WLG

Personal service, efficient results. ... team helps guide expropriated owners — and other parties impacted by public infrastructure projects — through the expropriation process. Our private-sector clients include landowners, developers, corporations, homeowners and tenants. Whatever your objective, we help you overcome complex legal ...

Why do leaders nationalize the oil industry? The politics of …

A leader׳s decision to nationalize the oil industry is inherently based on a delicate cost-benefit analysis. 3 A leader must maximize his expected utility from nationalization while considering the potential benefits to state ownership and avoiding the potential costs of expropriation.

Determinants of Nationalization in the Oil Sector: A …

ownership does increase productive efficiency in most cases. In the oil sector, extensive anecdotal evidence (e.g., Yergin 1991) shows that this argument is ... in the case of expropriation. This strategy is associated with excessive costs due to inefficiently long delays, underinvestment in exploration, and inefficiently ...

Understanding Ontario's Expropriation Procedure

The Ins and Outs of Ontario Expropriations: A Procedural Overview Understanding Ontario Expropriations Before diving into the nuance of the expropriation process, we ought to establish a solid foundational understanding of what is meant by the term. Essentially, expropriation describes the conceptual basis by which the …

Expropriation risk and technology

Sectors with heavy expropriation activity should have a relative productivity low enough to allow for profitable private investments in some states, but high enough to …

EFFICIENT AND FLEXIBLE: The Case for Renegotiation …

EFFICIENT AND FLEXIBLE: The Case for Renegotiation Clauses in Concession Agreements By ... Renegotiating Acquired Rights in the Oil and Gas Industries: Industry and Political Cycles Meet the Rule of Law, Journal of WorldEnergy Law andBusiness 1,2008,55. ... Expropriation of Oil and Gas Investments: Historical, Legal and Economic ...

Expropriation: An Overview of Your Rights as a Property …

An expropriation occurs when a governmental authority (known as the Expropriating Authority) takes land without the consent of the owner.

Efficient Expropriation: Sustainable Fiscal Policy in a Small …

Efficient Expropriation: Sustainable Fiscal Policy in a Small Open Economy, By Aguiar, Mark, Manuel Amador, and Gita Gopinath. 2006 We study a small open economy characterized by two empirically important frictions – incomplete financial markets and an inability of the government to commit to policy. We characterize the best sustainable …

Controlling shareholder expropriation and labor investment efficiency …

In this paper, we find that severer controlling shareholder expropriation is associated with higher deviations of labor investment from the level justified by economic fundamentals, i.e., lower labor investment efficiency.

Expropriation

Expropriation defined and explained with examples. Expropriation is the taking of private property by the government, to use for the general public's good.

Expropriation risk and technology

The security of property rights is also sector-dependent as the technology gap between firms and the government's bureaucrats varies across sectors. While low efficiency of the government makes ex ante firm investment more likely, it also reduces its threat point to extract cash flows from the firm. 2 For intermediate ability of the …

Ontario Land Tribunal: New Rules for expropriation matters …

The Ontario Land Tribunal (OLT) has published new rules for proceedings under the Expropriations Act.

Expropriation risk, investment decisions and economic sectors

Request PDF | Expropriation risk, investment decisions and economic sectors | We build a Real Options model to assess the importance of private provision and the impact of expropriation risk on ...

Expropriation in International Business

Covers several important expropriation cases in international business from the 20th century and highlights the legal and political difficulties these companies faced.

Expropriation risk, investment decisions and economic sectors

There are two economic sectors and one of them is essential for the economy. • The firm's and the government's decisions interact with each other in the model. • Firms accelerate both investment and abandonment decisions in this context. • Governments offer a fairer indemnity in essential sectors due to expropriation cost.

Nationalization And Expropriation | Oxbridge Notes

Nationalization and Expropriation. Two Issues: (1) The right to take the property. U.S. Resolution on Permanent Sovereignty Over Natural Resources

Analyzing the impact of land expropriation program on …

Despite the growing land expropriation programs in rapidly expanding cities, including Bahir Dar, little empirical evidence has been reported, especially concerning farmers' livelihoods and environmental changes resulting from land expropriation in peri-urban areas of developing countries.

Why do leaders nationalize the oil industry? The politics of …

The most straightforward cost is the expected loss of efficiency when switching from a privately run oil company to a state-run firm (Hartley and Medlock, ... (2011) in analyzing the determinants of acts of expropriation in the oil sector, and robustness checks using non-linear methods show similar substantive results.

Expropriation: A strategic review

Expropriation risk for foreign investors is on the rise due to a confluence of factors, such as resource nationalism, the energy transition from fossil fuels to clean energy, and a …

The Concept of Expropriation under the ETC and other …

Summary. Expropriations, in order to be legal, must be in the public interest, non-discriminatory, must take place under due process of law and against prompt adequate …

Land Expropriation Without Compensation in …

Many have asked abouth the sustainability of Land Expropriation Without Compensation. While the Section 25 Amendment of the South African Constitution may not have been successful, the …

Expropriation in International Business | Harvard Business …

Covers several important expropriation cases in international business from the 20th century and highlights the legal and political difficulties these companies faced. Serves to explain expropriation, to stress the vulnerability of foreign direct investments to political risk in host countries, and to discuss the limitations of international property law.

OIL AND GAS 2.8 EXPROPRIATION AND NATIONALIZATION

States are usually less efficient in managing the expropriated assets and they end up privatizing. [1] This is the same definition adopted by Article 10(7) of the 1961 Harvard Draft Convention. [2] This guideline adds …

Expropriation

Expropriation refers to a government taking over any property that is privately owned, with or without the permission of the owners, for the

Privatization: What It Is, How It Works, and Examples

Privatization can refer to the act of transferring ownership of specified property or business operations from a government organization to a privately owned entity, as well as the transition of ...

[PDF] Efficient Expropriation: Sustainable Fiscal Policy in a …

We study a small open economy characterized by two empirically important frictions— incomplete financial markets and an inability of the government to commit to policy. We characterize the best sustainable fiscal policy and show that it can amplify and prolong shocks to output. In particular, even when the government is completely benevolent, the …

Efficient Expropriation: Sustainable Fiscal Policy in a …

Efficient Expropriation: Sustainable Fiscal Policy in a Small Open Economy. Mark Aguiar, Manuel Amador, and Gita Gopinath . Abstract: We study a small open economy …

Expropriation: Definition, Purposes, Compensation …

Expropriation is the act of a government in taking privately owned property, ostensibly to be used for purposes designed to benefit the overall public. In the United States, what is referred to as ...

The price of property rights: Institutions, finance, and …

We find that British investors demanded a higher equity cost of capital from firms operating in countries with weak property-rights institutions. Further, country-level expropriation risk is negatively related to 19th-century capital flows and present-day economic and financial development.

The Philippines: A Good Time to Expand the Infrastructure …

Climate-resilient infrastructure, efficient irrigation systems, and better water management will help lessen the impact of weather-related natural disasters and boost agricultural production, and potentially lift many people out of poverty. ... Moreover, more private-sector participation could help in executing the infrastructure investment ...

Expropriation risk, investment decisions and economic sectors

We build a Real Options model to assess the importance of private provision and the impact of expropriation risk on investment timing, business values, …

Land Rights, Industrialization, and Urbanization: China in

What do studies of land rights in China contribute to the broader discipline of political science? First, the Chinese case challenges orthodox theories of secure, private property rights as a prerequisite for growth and sheds light on the distinctly fiscal roots of urban bias, a phenomenon pervasive in countries making the transition from agriculture …

Expropriation risk and technology

An extension of this benchmark model predicts an industry pecking-order of expropriations. The pecking-order is determined by the technology intensity and the depreciation rate of capital for that sector. Expropriation and privatization cycles adhere to a "Last-In-First-Out" principle.

Creeping expropriation

Creeping expropriation I. Definition 1. One of the most common clauses in international investment agreements ("IIA") relates t...

How does expropriation of mineral rights affect the economy?

The Impact of Expropriation on Investment in the Mining Sector. Expropriation of mineral rights is an action taken by the government to assume control or ownership of private property for public use. This process can have significant effects on the economy, particularly in the mining sector.

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