Working paper
Managing Resource Revenues in Developing Economies.
- Abstract:
-
This paper addresses the efficient management of natural resource revenues in capitalscarce developing economies. We depart from usual prescriptions based on the permanent income hypothesis and argue that capital-scarce countries should prioritise domestic investment. Since revenue streams are highly volatile governments should protect consumption from shocks by increasing it only cautiously. Volatility in domestic investment can be moderated by a buffer of international liquidity, but it is ...
Expand abstract
Actions
Authors
Bibliographic Details
- Publisher:
- OxCarre
- Series:
- Research Papers
- Publication date:
- 2009-01-01
Item Description
- Language:
- English
- UUID:
-
uuid:b46dbfdf-569c-4bed-9d3d-da607b30dccf
- Local pid:
- oai:economics.ouls.ox.ac.uk:12960
- Deposit date:
- 2011-08-16
Related Items
Terms of use
- Copyright date:
- 2009
If you are the owner of this record, you can report an update to it here: Report update to this record