The Resource Are developing countries better off spending their oil wealth upfront?, prepared by Hajime Takizawa, Edward H. Gardner, and Kenichi Ueda

Are developing countries better off spending their oil wealth upfront?, prepared by Hajime Takizawa, Edward H. Gardner, and Kenichi Ueda

Label
Are developing countries better off spending their oil wealth upfront?
Title
Are developing countries better off spending their oil wealth upfront?
Statement of responsibility
prepared by Hajime Takizawa, Edward H. Gardner, and Kenichi Ueda
Creator
Contributor
Author
Issuing body
Subject
Language
eng
Summary
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 neoclassical growth model with positive external effects of public spending on consumption and productivity, we find that, if the economy is growing along the steady-state balanced path, the conventional view is validated. However, if the economy starts with a lower capital stock, the welfare ranking across two policies can be reversed
Member of
Action
digitized
Cataloging source
OCLCE
Dewey number
339.52091724
Index
no index present
LC call number
HG3881.5.I58
LC item number
W67 no.04/141
Literary form
non fiction
Nature of contents
dictionaries
Series statement
IMF working paper
Series volume
WP/04/141
Label
Are developing countries better off spending their oil wealth upfront?, prepared by Hajime Takizawa, Edward H. Gardner, and Kenichi Ueda
Publication
Antecedent source
file reproduced from original
http://library.link/vocab/branchCode
  • net
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
black and white
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Control code
ocn647493273
Dimensions
unknown
Extent
1 online resource (29 pages)
File format
one file format
Form of item
online
Isbn
9781451901399
Media category
computer
Media MARC source
rdamedia
Media type code
c
http://library.link/vocab/recordID
.b37163954
Reproduction note
Electronic reproduction.
Specific material designation
remote
System control number
  • (OCoLC)647493273
  • imf1451901399
System details
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.

Library Locations

    • Deakin University Library - Geelong Waurn Ponds CampusBorrow it
      75 Pigdons Road, Waurn Ponds, Victoria, 3216, AU
      -38.195656 144.304955
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