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~isPartOf:"Staff Papers / Charles H. Dyson School of Applied Economics and Management, Cornell University"
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This paper discusses the policy issues facing Sno TomJ e PrRncipe
1
given the discovery and imminent exploitation of large reserves of oil in its territorial waters. A common reaction to news of a large oil discovery is to think that all economic problems can be solved by the flow of oil revenues. However
1
history and recent analyses confirm that there is a strong comparative advantage in agriculture
1
implying that investments which enhance productivity and efficiency in this sector would be appropriate for expenditure of oil revenues. In addition
1
such a strategy would have beneficial effects in terms of poverty alleviation and equitable distribution of benefits from the coming windfall.
1
the experience of numerous oil countries shows that it is necessary to temper this attitude somewhat since there are numerous pitfalls which can offset the positive aspects of oil riches. An appropriate policy for macro balance and for disposal of oil revenues will be essential if Sno TomJ e PrRncipe is to avoid the problems which have plagued countries such as Nigeria or Angola. The two main lessons of macroeconomics in such a situation is first not to generate revenue faster than it can be productively used and second to invest in such a manner that the country’s underlying comparative advantages are preserved. In the case of Sno TomJ e PrRncipe
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Charles H. Dyson School of Applied Economics and Management, Cornell University
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Staff Papers / Charles H. Dyson School of Applied Economics and Management, Cornell University
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46th Congress, July 20-23, 2008, Rio Branco, Acre, Brasil
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Increasing Understanding of Public Problems and Policies
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Technical Bulletins / Economic Research Service, Department of Agriculture
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1
The 1981 Tax Act and the Economics of Coal and Nuclear Power
Chapman, Duane
-
Charles H. Dyson School of Applied Economics and …
-
1981
Persistent link: https://www.econbiz.de/10010918467
Saved in:
2
Information, Option, and Existence Value
Conrad, Jon M.
-
Charles H. Dyson School of Applied Economics and …
-
1979
An intergenerational
model
of resource development is constructed to examine the concepts of option and existence value …
Persistent link: https://www.econbiz.de/10010918498
Saved in:
3
The Feasibility of Ethanol Production from Cheese Whey and Fruit Pomace in New York State
Gabler, Eric
;
Kalter, Robert J.
;
Boisvert, Richard N.
; …
-
Charles H. Dyson School of Applied Economics and …
-
1981
Persistent link: https://www.econbiz.de/10010918521
Saved in:
4
Expectations in the Use of Heart Rate as a Predictor of Energy Expenditure
Heywood, Peter F.
;
Poleman, Thomas T.
-
Charles H. Dyson School of Applied Economics and …
-
1970
Persistent link: https://www.econbiz.de/10010937734
Saved in:
5
Economics in Water Resource Planning
Kalter, Robert J.
-
Charles H. Dyson School of Applied Economics and …
-
1970
Persistent link: https://www.econbiz.de/10010937762
Saved in:
6
Alternatives, Criteria and Time Lags in Water Resource Development
Kalter, Robert J.
;
Stern, Carlos D.
-
Charles H. Dyson School of Applied Economics and …
-
1970
Persistent link: https://www.econbiz.de/10010937769
Saved in:
7
Management of Natural Resources for Optimum Development-- Cutting the Cost of Decision- Making
Allee, David J.
-
Charles H. Dyson School of Applied Economics and …
-
1971
Persistent link: https://www.econbiz.de/10010937772
Saved in:
8
The Supply Side of the Energy Equation
Kalter, Robert J.
-
Charles H. Dyson School of Applied Economics and …
-
1977
Persistent link: https://www.econbiz.de/10010932491
Saved in:
9
A Simulation
Model
for Resource Policy Evaluation
Tyner, Wallace E.
;
Kalter, Robert J.
-
Charles H. Dyson School of Applied Economics and …
-
1976
Persistent link: https://www.econbiz.de/10010932497
Saved in:
10
A Sulfur Emission Tax and the Electric Utility Industry
Chapman, Duane
-
Charles H. Dyson School of Applied Economics and …
-
1973
Persistent link: https://www.econbiz.de/10010932508
Saved in:
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