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Exporting the Alaska Model to Alaska: How Big Could the Permanent Fund Be if the State Really Tried? And Can a Larger Fund Insulate an Oil Exporter from the End of the Boom?

In: Exporting the Alaska Model

Author

Listed:
  • Karl Widerquist

Abstract

If we think of the Alaska model as a resource-based or common-asset-based endowment capable of permanently funding a dividend and/or a significant portion of government spending, the combination of the Alaska Permanent Fund (APF) and Permanent Fund Dividend (PFD) embody this model, but only in a small way. Less than one-fifth of the state of Alaska’s oil revenue has gone into the APF; Alaska captures a much smaller portion of oil rents than many other oil-exporting nations; and Alaska has not attempted to build any kind of endowment out of most other common assets. Therefore, enormous potential exists to export the Alaska model not only abroad but also back to Alaska.

Suggested Citation

  • Karl Widerquist, 2012. "Exporting the Alaska Model to Alaska: How Big Could the Permanent Fund Be if the State Really Tried? And Can a Larger Fund Insulate an Oil Exporter from the End of the Boom?," Exploring the Basic Income Guarantee, in: Karl Widerquist & Michael W. Howard (ed.), Exporting the Alaska Model, chapter 0, pages 169-180, Palgrave Macmillan.
    • Handle: RePEc:pal:etbchp:978-1-137-03165-5_12
    DOI: 10.1057/9781137031655_12
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