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Managing Resource Revenues: lessons for low income countries.

Abstract:

This paper explores the choices faced by developing country governments that have received substantial revenues from natural resources. The economic principles underlying the choices between consumption, domestic investment, and the accumulation of foreign assets are analysed. The priority should be to use revenues to promote growth and investment in the domestic economy and thereby put consumption on a rapid growth path, although absorptive capacity may constrain the scope for doing this in ...

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Paul Collier More by this author
Anthony J Venables More by this author
Volume:
12
Series:
Research Papers
Publication date:
2008-11-05
URN:
uuid:0b097d1f-dd6a-4dc2-8e92-c90f4c848253
Local pid:
oai:economics.ouls.ox.ac.uk:12973

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