The exhaustibility and volatility of natural resource revenues pose well-known economic challenges, of which those facing oil producers are the most prominent. If oil revenues represent an important share of export earnings and of government revenues, then they can be part of overheating during booms and costly adjustments during downturns, making fiscal policy exacerbate volatility. At the same time, considerations of intergenerational equity suggest...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2012/04/01
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Краткие сведения
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73245
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1
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1
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2012/10/16
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Disclosed
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The fiscal management of natural resource revenues in a developing country setting
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oil revenue