IDEAS home Printed from https://ideas.repec.org/a/cai/repdal/redp_203_0487.html
   My bibliography  Save this article

Épuisement des ressources naturelles, formation d'habitudes et viabilité budgétaire : Enseignements de l'expérience gabonaise

Author

Listed:
  • Daniel Leigh
  • Jan-Peter Olters

Abstract

While models based on Friedman?s (1957) permanent-income hypothesis can provide oil-producing countries with long-run fiscal targets, they usually abstract from short-run costs associated with consolidation. This paper proposes a model that takes such adjustment costs (or ?habits?) into consideration. The approach is applied to Gabon, where oil reserves are expected to be exhausted within 30 years. The results suggest that Gabon?s current fiscal-policy stance cannot be maintained, but that the presence of habits justifies smoothing adjustment towards the sustainable level over three to five years.

Suggested Citation

  • Daniel Leigh & Jan-Peter Olters, 2010. "Épuisement des ressources naturelles, formation d'habitudes et viabilité budgétaire : Enseignements de l'expérience gabonaise," Revue d'économie politique, Dalloz, vol. 120(3), pages 487-508.
    • Handle: RePEc:cai:repdal:redp_203_0487
    as

    Download full text from publisher

    File URL: http://www.cairn.info/load_pdf.php?ID_ARTICLE=REDP_203_0487
    Download Restriction: free
    File URL: http://www.cairn.info/revue-d-economie-politique-2010-3-page-487.htm
    Download Restriction: free
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cai:repdal:redp_203_0487. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Jean-Baptiste de Vathaire (email available below). General contact details of provider: https://www.cairn.info/revue-d-economie-politique.htm .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.