Kiiza David Maclaren

FISCAL REGIME DESIGN AND REVENUE COLLECTION RESOURCE ECONOMICS Thought-provoking questions: 1.     What are the key concepts in resource economics? 2.     How does uncertainty in resource extraction influence the design of the fiscal regime? 3.     How might differences in resource endowments across countries result in different fiscal policies? Good morning or good afternoon, depending where you are. I'm privileged to have an opportunity to spend some time addressing the fiscal regimes for extractive industries. I have quite a lot of material to present and so I hope you will bear with me. I'm going to cover the fundamentals of resource economics to start with and then move on to the principles and practices of fiscal policy for extractives, then spend some time talking about fiscal regime design and some of the challenges around that and then finally move on to the question of revenue administration, which may be the last but by no means the least topic. Throu