recent years, thanks to high oil revenue, economic growth, some primary non-oil fiscal adjustment, and debt relief. While … uncomfortably high in many, particularly non-oil producing countries and middle income oil producers. Non-oil countries adjust … mainly by increasing revenues, whereas oil countries adjust expenditure. For non-oil producing countries, substantial fiscal …

This paper investigates the likely implications of declining oil production on Yemen's equilibrium exchange rate, and … discusses policy options to ensure a smooth transition to a nonoil economy. The empirical results suggest that, as oil …

Some natural resources-oil and minerals in particular-exert a negative and nonlinear impact on growth via their … confirmation of this aspect of natural resources. Waste and poor institutional quality stemming from oil appear to have been … which involves directly distributing the oil revenues to the public. Even with all the difficulties that will no doubt …

Starting in 2005, nontax revenue in Georgia is expected to rise significantly, in the form of transit fees for oil … transported through the Baku-Tbilisi-Ceyhan Oil Pipeline. Transit fees for gas transported through the South Caucasus Pipeline are …

, such as oil, minerals, and forests, continue to attract significant investments whereas others, like natural gas, could be …

We present evidence on one facet of energy security in OECD economies - the extent of diversification in sources of oil … much change in diversification in oil supplies over the last decade, but diversification in sources of natural gas supplies …

rule for the non-oil primary fiscal balance compatible with an objective for reducing the debt-to-non-oil GDP ratio; (ii …) introducing a constant oil-based income transfer per capita allowing intergenerational equity; and (iii) building up an oil …

16 MENA countries. In GCC countries, where oil revenues are significant, large governments appear to have been a key …