Managing Resource Revenues in Developing Economies
Managing Resource Revenues in Developing Economies
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Publisher
London: Palgrave Macmillan
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Language
English
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Publisher
London: Palgrave Macmillan
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Contents
This paper addresses the efficient management of natural resource revenues in capital-scarce developing economies. It departs from usual prescriptions based on the permanent income hypothesis and argues that capital-scarce countries should prioritize domestic investiment. Because revenue streams are highly volatile, governments should protect consu...
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Full title
Managing Resource Revenues in Developing Economies
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TN_cdi_proquest_journals_214752995
Permalink
https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_proquest_journals_214752995
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ISSN
1020-7635,2041-4161
E-ISSN
1564-5150,2041-417X
DOI
10.1057/imfsp.2009.16