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than those typically pursued by developing countries with recently discovered petroleum reserves. We argue that local …
Persistent link: https://www.econbiz.de/10011440665
The Index of Sustainable Functionality (ISF) makes it possible to analyse domains and the sustainability of multiple …
Persistent link: https://www.econbiz.de/10010335503
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
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
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 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
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
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
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
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