Abstract
AbstractThe impact of oil governance on the extraction path of non-renewable resources is theoretically ambiguous. By employing field-level data in the South East Asia region, we utilize a change in the institutional design of oil governance in Indonesia to determine its impact on oil and gas extraction paths. From the empirical results, we infer that the move to create a separate regulatory agency and make the national oil company a purely business entity led to a reduction in the extraction path of oil, the size of which varies for different sizes of resource stock. This finding reiterates the importance of strengthening ownership rights for non-renewable resources to avoid over-extraction and facilitate more sustainable economic outcomes.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
