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2 An Alternative Interpretation of the “Resource Curse”: Theory and Policy Implications

2 An Alternative Interpretation of the “Resource Curse”: Theory and Policy Implications »

Source: Fiscal Policy Formulation and Implementation in Oil-Producing Countries

Series: Books

Author(s): Jeffrey Davis , Annalisa Fedelino , and Rolando Ossowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2003

ISBN: 9781589061750

Keywords: oil prices, fiscal policy, oil revenues, oil and gas, taxation

I. Introduction It is often said that most people when reading about a theory wonder if it works in practice. Economists, when seeing things working in practice, wond...

Appendix

Appendix »

Source: Regional Economic Outlook, November 2006, Western Hemisphere

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 November 2006

ISBN: 9781589065949

Keywords: fiscal impulse, commodity prices, public debt, fiscal policy, fiscal impulses

Methodology for Fiscal Impulse Calculations 1 The fiscal impulse calculations presented in the text follow an approach similar to Chand...

17 Domestic Petroleum Price Smoothing in Developing and Transition Countries

17 Domestic Petroleum Price Smoothing in Developing and Transition Countries »

Source: Fiscal Policy Formulation and Implementation in Oil-Producing Countries

Series: Books

Author(s): Jeffrey Davis , Annalisa Fedelino , and Rolando Ossowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2003

ISBN: 9781589061750

Keywords: oil prices, fiscal policy, oil revenues, oil and gas, taxation

I. Introduction This paper examines the case for smoothing retail petroleum prices in the face of volatile international oil prices in developing countries where petroleum prices are...

18 Energy Sector Quasi-Fiscal Activities in the Countries of the Former Soviet Union

18 Energy Sector Quasi-Fiscal Activities in the Countries of the Former Soviet Union »

Source: Fiscal Policy Formulation and Implementation in Oil-Producing Countries

Series: Books

Author(s): Jeffrey Davis , Annalisa Fedelino , and Rolando Ossowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2003

ISBN: 9781589061750

Keywords: oil prices, fiscal policy, oil revenues, oil and gas, taxation

I. Introduction Adecade into the transition, many of the successor states of the former Soviet Union (FSU) still struggle with adapting their energy sectors to the ma...

1 Fiscal Challenges in Oil-Producing Countries: An Overview

1 Fiscal Challenges in Oil-Producing Countries: An Overview »

Source: Fiscal Policy Formulation and Implementation in Oil-Producing Countries

Series: Books

Author(s): Jeffrey Davis , Annalisa Fedelino , and Rolando Ossowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2003

ISBN: 9781589061750

Keywords: oil prices, fiscal policy, oil revenues, oil and gas, taxation

This volume brings together papers that deal with a wide range of macroeconomic and fiscal issues in oil-producing countries, and aims at providing policy recommenda...

Fiscal Policy and Business Cycles in an Oil-Producing Economy

Fiscal Policy and Business Cycles in an Oil-Producing Economy »

Source: Fiscal Policy and Business Cycles in an Oil-Producing Economy : The Case of Venezuela

Volume/Issue: 2005/237

Series: IMF Working Papers

Author(s): Alfredo Baldini

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2005

ISBN: 9781451862560

Keywords: Macroeconomic Volatility, fiscal outcomes, fiscal stance, expenditures, expenditure, Fiscal Policies and Behavior of Economic Agents: General, Nonrenewable Resources and Conservation: Government Policy, Venezuela, Republica Bolivariana De,

This paper analyzes the fiscal policy in Venezuela during 1991-2003, by using a number of statistical approaches to analyze trends and cycles of economic output and fiscal outcomes. The business cycle features a st...

12 Fiscal Policy and Petroleum Fund Management in Norway

12 Fiscal Policy and Petroleum Fund Management in Norway »

Source: Fiscal Policy Formulation and Implementation in Oil-Producing Countries

Series: Books

Author(s): Jeffrey Davis , Annalisa Fedelino , and Rolando Ossowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2003

ISBN: 9781589061750

Keywords: oil prices, fiscal policy, oil revenues, oil and gas, taxation

I. Introduction One of the challenges of policymaking is to illustrate complex ideas in a way that is easy to understand. Mundane as this may seem, it really goes to the core of poli...

Fiscal Policy Formulation and Implementation in Oil-Producing Countries

Fiscal Policy Formulation and Implementation in Oil-Producing Countries »

Series: Books

Author(s): Jeffrey Davis , Annalisa Fedelino , and Rolando Ossowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2003

DOI: http://dx.doi.org/10.5089/9781589061750.071

ISBN: 9781589061750

Keywords: oil prices, fiscal policy, oil revenues, oil and gas, taxation

Countries with large oil resources can benefit substantially from them. However, despite their huge natural resources, many oil producers have had disappointing growth, widespread poverty, and continuing vulnerabil...

Back Matter

Back Matter »

Source: Fiscal Policy Formulation and Implementation in Oil-Producing Countries

Series: Books

Author(s): Jeffrey Davis , Annalisa Fedelino , and Rolando Ossowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2003

ISBN: 9781589061750

Keywords: oil prices, fiscal policy, oil revenues, oil and gas, taxation

Countries with large oil resources can benefit substantially from them. However, despite their huge natural resources, many oil producers have had disappointing growth, widespread poverty, and continuing vulnerabil...

Front Matter

Front Matter »

Source: Fiscal Policy Formulation and Implementation in Oil-Producing Countries

Series: Books

Author(s): Jeffrey Davis , Annalisa Fedelino , and Rolando Ossowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2003

ISBN: 9781589061750

Keywords: oil prices, fiscal policy, oil revenues, oil and gas, taxation

Countries with large oil resources can benefit substantially from them. However, despite their huge natural resources, many oil producers have had disappointing growth, widespread poverty, and continuing vulnerabil...