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Are Developing Countries Better Off Spending Their Oil Wealth Upfront?

Are Developing Countries Better Off Spending Their Oil Wealth Upfront? »

Source: Are Developing Countries Better Off Spending Their Oil Wealth Upfront?

Volume/Issue: 2004/141

Series: IMF Working Papers

Author(s): H. Takizawa , E. Gardner , and Kenichi Ueda

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2004

ISBN: 9781451856217

Keywords: Optimal fiscal policy, transitional growth, natural resource, government spending, budget constraint, fiscal balance, private consumption, Fiscal and Monetary Policy in Development,

We question the conventional view that it is optimal for government to maintain a stable level of spending out of oil wealth. We compare this conventional policy recommendation with one where government spends all...

Are Developing Countries Better Off Spending Their Oil Wealth Upfront?

Are Developing Countries Better Off Spending Their Oil Wealth Upfront? »

Volume/Issue: 2004/141

Series: IMF Working Papers

Author(s): H. Takizawa , E. Gardner , and Kenichi Ueda

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2004

DOI: http://dx.doi.org/10.5089/9781451856217.001

ISBN: 9781451856217

Keywords: Optimal fiscal policy, transitional growth, natural resource, government spending, budget constraint, fiscal balance, private consumption, Fiscal and Monetary Policy in Development,

We question the conventional view that it is optimal for government to maintain a stable level of spending out of oil wealth. We compare this conventional policy recommendation with one where government spends all...