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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...

Analysis of Recent Growth in Low-Income CIS Countries

Analysis of Recent Growth in Low-Income CIS Countries »

Source: Analysis of Recent Growth in Low-Income CIS Countries

Volume/Issue: 2004/151

Series: IMF Working Papers

Author(s): Elena Loukoianova , and Anna Unigovskaya

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2004

ISBN: 9781451857061

Keywords: growth, recovery, output, CIS-7, tfp, gdp growth, real gdp, growth accounting, total factor productivity

This paper analyzes factors that determine recent economic growth in the low-income countries of the Commonwealth of Independent States.2 The main findings are as follows: (1) productivity gains in export-oriented...

Aninat to leave IMF leadership post

Aninat to leave IMF leadership post »

Source: IMF Survey, Volume 32, Issue 05

Volume/Issue: 32/5

Series: IMF Survey

Author(s): International Monetary Fund. External Relations Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 March 2003

ISBN: 9781451935233

Keywords: oil prices, oil sector, exchange rate, fiscal policy, real exchange

Russia’s unexpectedly strong recovery since its 1998 crisis has left people wondering whether it is just a temporary result of higher oil prices and the postcrisis depreciation of the ruble or a sign ofdurab...

Appendix 4. Calculation of the Sustainable Non-Oil Deficit

Appendix 4. Calculation of the Sustainable Non-Oil Deficit »

Source: Managing Oil Wealth : The Case of Azerbaijan

Series: IMF Special Issues

Author(s): Niko Hobdari , Eric Le Borgne , Chonira Aturupane , Koba Gvenetadze , John Wakeman-Linn , and Stephan Danninger

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 April 2004

ISBN: 9781589063082

Keywords: expenditure, expenditures, oil and gas, gas, natural resource

The paper discusses two long-term strategies for the use of oil assets. The first is based on a fixed expenditure rule, which—together with a permanent financing condition constrain...

Appendix 1. Oil and Economic Development in Indonesia14

Appendix 1. Oil and Economic Development in Indonesia14 »

Source: Managing Oil Wealth : The Case of Azerbaijan

Series: IMF Special Issues

Author(s): Niko Hobdari , Eric Le Borgne , Chonira Aturupane , Koba Gvenetadze , John Wakeman-Linn , and Stephan Danninger

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 April 2004

ISBN: 9781589063082

Keywords: expenditure, expenditures, oil and gas, gas, natural resource

Indonesia’s oil industry is one of the world’s oldest. Indonesia ranks fifteenth among world oil producers, with about 2.4 percent of world oil production. The country has a mixed e...

Appendix 3. Oil and Economic Development in Mexico16

Appendix 3. Oil and Economic Development in Mexico16 »

Source: Managing Oil Wealth : The Case of Azerbaijan

Series: IMF Special Issues

Author(s): Niko Hobdari , Eric Le Borgne , Chonira Aturupane , Koba Gvenetadze , John Wakeman-Linn , and Stephan Danninger

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 April 2004

ISBN: 9781589063082

Keywords: expenditure, expenditures, oil and gas, gas, natural resource

Mexico is the world’s fifth largest oil producer and its tenth largest oil exporter. Mexico began to export oil in 1911, and its oil output expanded at an average annual rate of 6 p...

Appendix 2. Oil and Economic Development in Nigeria15

Appendix 2. Oil and Economic Development in Nigeria15 »

Source: Managing Oil Wealth : The Case of Azerbaijan

Series: IMF Special Issues

Author(s): Niko Hobdari , Eric Le Borgne , Chonira Aturupane , Koba Gvenetadze , John Wakeman-Linn , and Stephan Danninger

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 April 2004

ISBN: 9781589063082

Keywords: expenditure, expenditures, oil and gas, gas, natural resource

Nigeria has an abundance of hydrocarbon resources. It is the thirteenth largest oil producer in the world, the third largest oil producer in Africa, and the most prolific oil produc...

Available on the web

Available on the web »

Source: IMF Survey, Volume 32, Issue 05

Volume/Issue: 32/5

Series: IMF Survey

Author(s): International Monetary Fund. External Relations Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 March 2003

ISBN: 9781451935233

Keywords: oil prices, oil sector, exchange rate, fiscal policy, real exchange

Russia’s unexpectedly strong recovery since its 1998 crisis has left people wondering whether it is just a temporary result of higher oil prices and the postcrisis depreciation of the ruble or a sign ofdurab...

Azerbaijan

Azerbaijan »

Source: Azerbaijan : Recent Economic Developments

Volume/Issue: 1997/1

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 February 1997

ISBN: 9781451802511

Keywords: credit, prices, banking, payments, foreign exchange

Contents include: Real sector developments: output trends; sectoral developments; and income, wages, and prices. Public finances; fiscal balance; revenue developments; expenditure developments; social safety net. F...

Azerbaijan

Azerbaijan »

Source: Azerbaijan : Recent Economic Developments

Volume/Issue: 1998/83

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 September 1998

ISBN: 9781451802528

Keywords: exchange rate, oil sector, real exchange rate, foreign exchange, exchange rate appreciation

This paper describes economic developments in the Azerbaijan Republic during the 1990s. Real GDP declined by more than 70 percent from 1992 to 1995, by which time high inflation had eroded real incomes, the exchang...