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Long-run Effects of Resource Rents in Developing Countries: The role of public investment management

Woldeyes, Firew B - Oxford Centre for the Analysis of Resource-Rich … - 2013

The paper studies the long-run effects of shocks to resource rents on the economy using a structural vector error correction model for 37 developing countries. First, the long-run relations involving resource rents and the economy differ for resource importers and exporters. Second, there is an...

Persistent link: https://www.econbiz.de/10010630846

Bottlenecks in ramping up public investment

Ploeg, Frederick - In: International Tax and Public Finance 19 (2012) 4, pp. 509-538

A windfall in a developing economy with capital scarcity and investment adjustment costs facing a temporary windfall should be used to give more consumption to poorer present generations and to speed up development by ramping up public investment and paying off debt taking due account of the...

Persistent link: https://www.econbiz.de/10010865694

Bottlenecks in Ramping Up Public Investment

Ploeg, Frederick van der - Oxford Centre for the Analysis of Resource-Rich … - 2012

Persistent link: https://www.econbiz.de/10010551667

How to Spend a Windfall: Dealing with volatility and capital scarcity

Bremer, Ton S. van den; Ploeg, Frederick van der - Oxford Centre for the Analysis of Resource-Rich … - 2012

Intergenerational funds smooth expected consumption across generations in face of an oil windfall. Precautionary … buffers or liquidity funds cope with oil price volatility and are a politically more acceptable alternative to hedging. The … magnitude of these buffers depends on the volatility of oil prices, the degree of prudence, intergenerational inequality …

Persistent link: https://www.econbiz.de/10010551669

How to spend a windfall

Bremer, Ton S. van den; Ploeg, Frederick van der - 2012

Persistent link: https://www.econbiz.de/10009515819