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systems from various perspectives. This paper uses available household wealth and income data to calculate the resource rich …
Persistent link: https://www.econbiz.de/10010335503
Do the sovereign wealth funds of Kazakhstan and Azerbaijan promote the sustainable use of government oil revenues? We review the operational rules and performance of the two funds and compare them to Norway's Government Pension Fund Global. The key challenges are to stabilize government...
Persistent link: https://www.econbiz.de/10010285363
Sovereign wealth funds (SWFs) have emerged in developing Asia as a policy response to an unprecedented accumulation of foreign exchange (FX) reserves since 2000. At the same time, developing countries have become an increasingly important source of outward foreign direct investment (FDI). The...
Persistent link: https://www.econbiz.de/10010507256
show that the permanent income hypothesis prescription of an ever-lasting increase in consumption financed by borrowing … biased towards the near future, as compared to the permanent income hypothesis. Outcomes depend on instruments available to …
Persistent link: https://www.econbiz.de/10010276227
We estimate fiscal reaction functions for non-hydrocarbon tax and public spending shares of national income and for … debt management strategies adopted by Norway and compare these with rules that would prevail under the permanent income …
Persistent link: https://www.econbiz.de/10010276231
Rohstoffvorkommen können den Wohlstand einer Volkswirtschaft begünstigen, wenn die Einnahmen aus dem Export der …
Persistent link: https://www.econbiz.de/10011633148
commons, Lukas Peter argues that this form of social organization can provide answers to the shortcomings of centralized … an ecological understanding of the commons and human freedom, more generally, thereby reinterpreting classical thinkers …
Persistent link: https://www.econbiz.de/10014280315
We set out a model of a two-good, small open economy exporting a traditional exportable in order to finance capital goods rental payments. We observe that the traditional export sector declines with an exogenous increase in the country's oil export earnings, while the local goods sector expands....
Persistent link: https://www.econbiz.de/10010290368
We set out a model of a small open economy exporting oil and a traditional exportable in return for produced capital. The small open economy also has local production of a non-traded good. We first observe that the size of the traditional export sector declines with an exogenous increase in the...
Persistent link: https://www.econbiz.de/10010290398
We analyze the effects of different regimes of control rights over critical resources on the total domestic income of … foreign control is never optimal, and assigning complete residual rights to foreign ?firms reduces domestic income. Two … testable predictions are derived. First, international partnerships tend to generate higher domestic income than foreign …
Persistent link: https://www.econbiz.de/10011753218