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Prudential Management of Hydrocarbon Revenues in Resource-Rich Economies

Author

Listed:
  • Yelena Kalyuzhnova

    (University of Reading)

  • Michael Kaser

    (University of Birmingham and Oxford University)

Abstract

This paper discusses the policy options that resource-rich economies need to implement in order to promote capital formation and sustainable development.

Suggested Citation

  • Yelena Kalyuzhnova & Michael Kaser, 2005. "Prudential Management of Hydrocarbon Revenues in Resource-Rich Economies," ECE Discussion Papers Series 2005_4, UNECE.
  • Handle: RePEc:ece:dispap:2005_4
    as

    Download full text from publisher

    File URL: http://www.unece.org/fileadmin/DAM/oes/disc_papers/ECE_DP_2005-4.pdf
    File Function: First version, 2005
    Download Restriction: no

    Citations

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    Cited by:

    1. Boris Najman & Richard Pomfret & Gael Raballand & Patricia Sourdin, 2005. "How are Oil Revenues Redistributed in an Oil Economy? The Case of Kazakhstan," School of Economics Working Papers 2005-18, University of Adelaide, School of Economics.
    2. Asfaha, Samuel, 2007. "National Revenue Funds: Their Efficacy for Fiscal Stability and Intergenerational Equity," MPRA Paper 7656, University Library of Munich, Germany.

    More about this item

    Keywords

    Russia; resource abundance; dutch disease; economic growth;

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • P28 - Economic Systems - - Socialist Systems and Transition Economies - - - Natural Resources; Environment
    • Q33 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Resource Booms (Dutch Disease)
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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