The Political Economy Of Fiscal Policy And Economic Management In Oil Exporting Countries

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Rethinking Fiscal Policy in Oil-Exporting Countries

Author : Mr.Tokhir N Mirzoev,Ling Zhu
Publisher : International Monetary Fund
Page : 41 pages
File Size : 44,5 Mb
Release : 2019-05-17
Category : Business & Economics
ISBN : 9781498315999

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Rethinking Fiscal Policy in Oil-Exporting Countries by Mr.Tokhir N Mirzoev,Ling Zhu Pdf

We examine the existing fiscal policy paradigm in commodity-exporting countries. First, we argue that its centerpiece—the permanent income hypothesis (PIH)—is not consistent with either intergenerational equity or long-term sustainability in the presence of uncertainty. Policies to achieve these goals need to be more prudent and better anchored than the PIH. Second, we point out the presence of a volatility tradeoff between government spending and wealth and re-assess long-held views on the appropriate fiscal anchors, the vice of procyclicality, and the (im)possibility of simultaneously smoothing consumption and ensuring intergenerational equity and sustainability. Finally, we propose what we call a prudent wealth stabilization policy that would be more consistent with long-term fiscal policy goals, yet relatively simple to implement and communicate.

The Political Economy of International Oil and the Underdeveloped Countries

Author : Michael Tanzer
Publisher : Boston : Beacon Press
Page : 456 pages
File Size : 48,9 Mb
Release : 1969
Category : Political Science
ISBN : UCAL:B4421663

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The Political Economy of International Oil and the Underdeveloped Countries by Michael Tanzer Pdf

Monograph on economic implications for developing countries of the activities of multinational enterprises of the petroleum industry, with particular reference to Iraq, India, Mexico, China and parts of Latin America - covers political aspects, trade problems, monopolys, ownership and location of industry, financial aspects, transportation costs and prices, industrial policy in respect of oil, the role of USA, the role of USSR, etc. References and statistical tables.

Fiscal Policy and Economic Cycles in Oil-exporting Countries

Author : Aasim M. Husain,Kamilya Tazhibayeva,Anna Ter-Martirosyan
Publisher : Unknown
Page : 24 pages
File Size : 53,7 Mb
Release : 2008
Category : Business cycles
ISBN : IND:30000087928341

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Fiscal Policy and Economic Cycles in Oil-exporting Countries by Aasim M. Husain,Kamilya Tazhibayeva,Anna Ter-Martirosyan Pdf

This paper empirically assesses the impact of oil price shocks on the underlying non-oil economic cycle in oil-exporting countries. Panel VAR analysis and the associated impulse responses indicate that in countries where the oil sector is large in relation to the economy, oil price changes affect the economic cycle only through their impact on fiscal policy. Once fiscal policy changes are removed, oil price shocks do not have a significant independent effect on the economic cycle.

The Political Economy of International Oil

Author : George Philip
Publisher : Unknown
Page : 242 pages
File Size : 55,6 Mb
Release : 1994
Category : Business & Economics
ISBN : STANFORD:36105006010636

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The Political Economy of International Oil by George Philip Pdf

Developing countries in Africa, the Middle East and Latin America have made huge profits from exporting oil in recent years and have won great control over world markets. This book looks at the background to examine why this vast oil revenue has done so little to bring about sustained economic and political development in these countries. Separate chapters consider: the impact of oil on individual developing countries, from initial exploitation through to the present day; the evolution of the international oil industry as a whole; and US and British oil policies. The work is fully up-to-date and contains statistical material.

Oil Prices and the Future of OPEC

Author : Theodore H. Moran
Publisher : Unknown
Page : 122 pages
File Size : 54,9 Mb
Release : 1978
Category : Business & Economics
ISBN : UOM:39015008461801

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Oil Prices and the Future of OPEC by Theodore H. Moran Pdf

Libya, the Political Economy of Oil

Author : Judith Gurney
Publisher : Unknown
Page : 264 pages
File Size : 41,6 Mb
Release : 1996
Category : Business & Economics
ISBN : STANFORD:36105019532717

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Libya, the Political Economy of Oil by Judith Gurney Pdf

Both the performance and the potential of Libyan Oil warranted the need for this research into the energy policies of the current regime. The author surveys the historical and geological determinants of oil development. The impact of the central government and the Libyan National Oil Company on current exploration and development is studied closely providing insight into why some foreign companies have stayed in Libya and why some others have joined them. Pricing policies and efforts at furthering downstream integration, in Libya and in Europe, are dealt with in detail. The effect of national development plans on oil policy and the consequences of continued US and UN sanctions are both investigated thoroughly.

Transnational Oil

Author : Zuhayr Mikdashi
Publisher : London : F. Pinter
Page : 206 pages
File Size : 55,7 Mb
Release : 1986
Category : Political Science
ISBN : STANFORD:36105040299542

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Transnational Oil by Zuhayr Mikdashi Pdf

Fiscal Policy Sustainability in Oil-Producing Countries

Author : Claire Liuksila
Publisher : Unknown
Page : 72 pages
File Size : 50,7 Mb
Release : 2006
Category : Electronic
ISBN : OCLC:1291212868

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Fiscal Policy Sustainability in Oil-Producing Countries by Claire Liuksila Pdf

Assessing the sustainability of a given fiscal policy is especially important for countries that depend on income from exhaustible resources. Political and growth pressures may push governments to raise expenditure when revenue from exhaustible resources rises, but cutting outlays when price swings reduce income is often difficult. Traditional fiscal accounting may give a misleading view of policy sustainability. This paper argues that for countries in which a significant proportion of government revenue is derived from the exploitation of an exhaustible natural resource, fiscal policy sustainability can best be assessed within a permanent income framework that takes into account total government wealth, including the imputed wealth from reserves of natural resources. Using this framework, the paper takes a sample of six countries where government revenue from petroleum extraction is significant and draws conclusions about the sustainability of their fiscal policies during 1980-92.

The New Bryant & Stratton Counting-House Book-Keeping

Author : Silas Sadler Packard,Henry Beadman Bryant
Publisher : World Bank Publications
Page : 40 pages
File Size : 45,6 Mb
Release : 2022-10-27
Category : Business & Economics
ISBN : 9781018051109

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The New Bryant & Stratton Counting-House Book-Keeping by Silas Sadler Packard,Henry Beadman Bryant Pdf

This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

Handbook of Sustainable Politics and Economics of Natural Resources

Author : Tsani, Stella,Overland, Indra
Publisher : Edward Elgar Publishing
Page : 432 pages
File Size : 44,8 Mb
Release : 2021-12-10
Category : Political Science
ISBN : 9781789908770

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Handbook of Sustainable Politics and Economics of Natural Resources by Tsani, Stella,Overland, Indra Pdf

This timely Handbook draws together insightful analyses of natural resource management challenges and solutions in the face of sustainable development targets and a changing global climate.

The Political Economy of Public Finance

Author : Marc Buggeln,Martin Daunton,Alexander Nützenadel
Publisher : Cambridge University Press
Page : 337 pages
File Size : 51,5 Mb
Release : 2017-02-23
Category : Business & Economics
ISBN : 9781107140127

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The Political Economy of Public Finance by Marc Buggeln,Martin Daunton,Alexander Nützenadel Pdf

A study of major trends in public finance and fiscal justice in developed capitalist countries since the 1970s.

Rents to Riches?

Author : Naazneen Barma,Kai Kaiser,Tuan Minh Le,Lorena Viñuela
Publisher : World Bank Publications
Page : 303 pages
File Size : 47,6 Mb
Release : 2011-12-08
Category : Business & Economics
ISBN : 9780821387160

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Rents to Riches? by Naazneen Barma,Kai Kaiser,Tuan Minh Le,Lorena Viñuela Pdf

This volume focuses on the political economy surrounding the detailed decisions that governments make at each step of the value chain for natural resource management. From the perspective of public interest or good governance, many resource-dependent developing countries pursue apparently short-sighted and sub-optimal policies in relation to the extraction and capture of resource rents, and to spending and savings from their resource endowments. This work contextualizes these micro-level choices and outcomes.