Are Developing Countries Better Off Spending Their Oil Wealth Upfront? /

We question the conventional view that it is optimal for government to maintain a stable level of spending out of oil wealth. We compare this conventional policy recommendation with one where government spends all of its oil revenues upfront, at the same rate as oil is extracted. Using a neoclassica...

Täydet tiedot

Bibliografiset tiedot
Päätekijä: Takizawa, H.
Muut tekijät: Gardner, E., Ueda, Kenichi
Aineistotyyppi: Aikakauslehti
Kieli:English
Julkaistu: Washington, D.C. : International Monetary Fund, 2004.
Sarja:IMF Working Papers; Working Paper ; No. 2004/141
Linkit:Full text available on IMF