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Kolstad, Ivar; Kinyondo, Abel - 2015

than those typically pursued by developing countries with recently discovered petroleum reserves. We argue that local …

Persistent link: https://www.econbiz.de/10011440665

Raising utility and lowering risk through adaptive sustainability: Society and the risk of wealth inequity in Western Australia

Andrich, Mark A.; Oxburgh, E. Ronald; Imberger, Jorg - 2009

The Index of Sustainable Functionality (ISF) makes it possible to analyse domains and the sustainability of multiple …

Persistent link: https://www.econbiz.de/10010335503

Autonomous Vehicles: Moral Dilemmas and Adoption Incentives

Feess, Eberhard; Muehlheusser, Gerd - 2022

In unavoidable traffic accidents, autonomous vehicles (AVs) face the dilemma of protecting either the passenger(s) or third parties. Recent studies show that most people prefer AVs following a utilitarian approach by minimizing total harm. At the same time, however, they would adopt an AV only...

Persistent link: https://www.econbiz.de/10013353437

Harnessing windfall revenues: optimal policies for resource-rich developing economies

van der Ploeg, Frederick; Venables, Anthony J. - 2009

A windfall of natural resource revenue (or foreign aid) faces government with choices of how to manage public debt, investment, and the distribution of funds for consumption, particularly if the windfall is both anticipated and temporary. We show that the permanent income hypothesis prescription...

Persistent link: https://www.econbiz.de/10010276227

Is Norway's bird-in-hand stabilization fund prudent enough? : fiscal reactions to hydrocarbon windfalls and graying populations

Harding, Torfinn; van der Ploeg, Frederick - 2009

We estimate fiscal reaction functions for non-hydrocarbon tax and public spending shares of national income and for debt management strategies adopted by Norway and compare these with rules that would prevail under the permanent income hypothesis and bird-in-hand rule. We conclude that the...

Persistent link: https://www.econbiz.de/10010276231

Sovereign Wealth Funds: An Exploratory Study of Their Behavior

Fatemi, Ali; Fooladi, Iraj; Kayhani, Nargess - In: The Journal of Entrepreneurial Finance (JEF) 15 (2011) 2, pp. 64-90

Sovereign wealth funds have recently moved to the front and center of discussion, both within the investment world and the political arena. In this paper we evaluate the differences and common features of these funds. Utilizing an ownership database, we probe the ownership, geographic, and...

Persistent link: https://www.econbiz.de/10010343141

Developing Asia's Sovereign Wealth Funds and Outward Foreign Direct Investment

Park, Donghyun; Estrada, Gemma - 2009

Sovereign wealth funds (SWFs) have emerged in developing Asia as a policy response to an unprecedented accumulation of foreign exchange (FX) reserves since 2000. At the same time, developing countries have become an increasingly important source of outward foreign direct investment (FDI). The...

Persistent link: https://www.econbiz.de/10010507256

The Basilicata Wealth Fund: Resource Policy and Long-run Economic Development in Southern Italy

Iacono, Roberto - 2015

proposing a new resource policy for the oil-rich southern Italian region of Basilicata. The policy proposal is to establish a …

Persistent link: https://www.econbiz.de/10011451166

Der Alaska Permanent Fund – Vorbild für eine Soziale Dividende?

Harnack, Astrid - In: Vierteljahrshefte zur Wirtschaftsforschung 88 (2019) 1, pp. 49-64

Nur wenige konnten in Deutschland vom starken Anstieg der Kapitaleinkommen in den letzten Jahrzehnten profitieren. Doch eine Soziale Dividende finanziert über einen Staatsfonds nach Vorbild des Alaska Permanent Funds könnte ein inklusiveres Wachstum fördern: Eine Wachstumsinzidenzanalyse mit...

Persistent link: https://www.econbiz.de/10012182852

Political economy of oil resources management in Nigeria: Lessons from other countries

Eregha, Perekunah B.; Mesagan, Ekundayo P. - 2019

The study focuses on the political economy of oil resources management in Nigeria with the sole purpose of showcasing … how far the country has gone in effectively managing its crude oil proceeds. It presents a brief history on the excess … crude account as well as the sovereign wealth fund in Nigeria and then presents the models of excess oil resource management …

Persistent link: https://www.econbiz.de/10012389120