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Investing Volatile Oil Revenues in Capital-Scarce Economies

Investing Volatile Oil Revenues in Capital-Scarce Economies »

Source: Investing Volatile Oil Revenues in Capital-Scarce Economies : An Application to Angola

Volume/Issue: 2013/147

Series: IMF Working Papers

Author(s): Christine Richmond , Irene Yackovlev , and Susan Yang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 June 2013

ISBN: 9781484393000

Keywords: natural, resource, resource-rich, DSGE models, oil, budget constraint, government budget constraint, capital investment, Exhaustible Resources and Economic Development, Economic Growth of Open Economies

Natural resource revenues are an increasingly important financing source for public investment in many developing economies. Investing volatile resource revenues, however, may subject an economy to macroeconomic in...

Investing Volatile Oil Revenues in Capital-Scarce Economies
			: An Application to Angola

Investing Volatile Oil Revenues in Capital-Scarce Economies : An Application to Angola »

Volume/Issue: 2013/147

Series: IMF Working Papers

Author(s): Christine Richmond , Irene Yackovlev , and Susan Yang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 June 2013

DOI: http://dx.doi.org/10.5089/9781484393000.001

ISBN: 9781484393000

Keywords: natural, resource, resource-rich, DSGE models, oil, budget constraint, government budget constraint, capital investment, Exhaustible Resources and Economic Development, Economic Growth of Open Economies

Natural resource revenues are an increasingly important financing source for public investment in many developing economies. Investing volatile resource revenues, however, may subject an economy to macroeconomic in...