In low-income, capital-scarce economies that face financial and fiscal constraints, managing revenues from newly found natural resources can be a daunting challenge. The policy debate is how to scale up public investment to meet huge needs in infrastructure without generating a higher public deficit, and avoid the Dutch disease. This paper uses an open economy dynamic stochastic general equilibrium model that is compatible with low-income economies...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2016/12/09
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Рабочий документ в рамках исследования вопросов политики
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WPS7910
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1
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1
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2016/12/09
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Disclosed
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Optimal allocation of natural resource surpluses in a dynamic macroeconomic framework : a DSGE analysis with evidence from Uganda
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gross domestic product