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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 diffic...

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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
Division:
Social Sciences Division
Department:
Economics; OxCarre
Oxford college:
New College
African Economic Research Consortium More from this funder
Publisher:
Oxford University Press Publisher's website
Journal:
Journal of African Economies Journal website
Volume:
25
Issue:
suppl_2
Pages:
ii20–ii40
Publication date:
2016-12-19
DOI:
EISSN:
1464-3723
ISSN:
0963-8024
Pubs id:
pubs:665397
URN:
uri:d4f40ec6-491a-4cd2-9351-8d356bc29233
UUID:
uuid:d4f40ec6-491a-4cd2-9351-8d356bc29233
Local pid:
pubs:665397

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