Policy towards Commodity Shocks in Developing Countries /
On the basis of a comparative study of 23 episodes involving commodity price shocks we find that both the public and private sectors typically save around half of a windfall gain resulting from a price rise. We argue that private windfalls should be left with the private sector rather than taxed. Th...
| Main Author: | |
|---|---|
| Other Authors: | |
| Format: | Journal |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
1996.
|
| Series: | IMF Working Papers; Working Paper ;
No. 1996/084 |
| Online Access: | Full text available on IMF |