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Resource funds: stabilising, parking, and inter-generational transfer

Abstract:

The paper explores strategies for managing revenue from natural resources, focusing on the balance between domestic and foreign asset accumulation. It suggests that domestic asset accumulation is the priority in developing countries, while there are three motives for accumulating foreign assets; inter-generational transfer, temporary ‘parking’ of funds, and stabilisation. The paper argues that the first of these is inappropriate for low income countries. The second is required if it is ...

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Publication status:
Published
Peer review status:
Peer reviewed
Version:
Publisher's version

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Publisher copy:
10.1093/jae/ejw016

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Institution:
University of Oxford
Department:
Oxford, SSD, Economics, OxCarre
Role:
Author
More by this author
Institution:
University of Oxford
Department:
Oxford, SSD, Economics, OxCarre
Role:
Author
Publisher:
Oxford University Press Publisher's website
Journal:
Journal of African Economies Journal website
Volume:
25
Issue:
S2
Pages:
ii20–ii40
Publication date:
2016-12-19
DOI:
EISSN:
1464-3723
ISSN:
0963-8024
URN:
uuid:4d685bee-c1e4-4511-9485-470295f3def7
Source identifiers:
625727
Local pid:
pubs:625727
Paper number:
S2

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