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Public savings in Africa : do sovereign wealth funds serve development?
Addison, Tony; Lebdioui, Amir - 2022
Do sovereign wealth funds (SWFs) contribute to Africa's development? This paper assesses the objectives of SWFs (fiscal stabilization, productive investment, intergenerational saving) and discusses alternatives. We argue that fiscal stabilization funds are often necessary, but entail...
Persistent link: https://www.econbiz.de/10013469624
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Fiscal sustainability in the presence of structural breaks : does overconfidence on resource exports hurt government's ability to finance debt? ; evidence from Nigeria
Alhaji Jibrilla, Aliyu - In: Cogent economics & finance 4 (2016) 1, pp. 1-27
The sustainability of the Nigerian fiscal deficit along with the role of the dynamics of government revenues and … budget deficit sustainability in the country. …
Persistent link: https://www.econbiz.de/10011487675
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Stabilization and savings funds to manage natural resource revenues : Kazakhstan and Azerbaijan vs. Norway
Lücke, Matthias - 2010
Do the sovereign wealth funds of Kazakhstan and Azerbaijan promote the sustainable use of government oil revenues? We review the operational rules and performance of the two funds and compare them to Norway’s Government Pension Fund Global. The key challenges are to stabilize government...
Persistent link: https://www.econbiz.de/10008661898
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Fiscal policy challenges in oil-exporting countries – a review of key issues
Sturm, Michael; Gurtner, François; Alegre, Juan Gonzalez - 2009
regards intergenerational equity and fiscal sustainability, and in the short run, as regards macroeconomic stabilisation and …
Persistent link: https://www.econbiz.de/10011606256
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Saving Alberta's resource revenues : role of intergenerational and liquidity funds
Bremer, Ton S. van den; Ploeg, Frederick van der - 2016
We use a welfare-based intertemporal stochastic optimization model and historical data to estimate the size of the optimal intergenerational and liquidity funds and the corresponding resource dividend available to the government of the Canadian province Alberta. To first-order of approximation,...
Persistent link: https://www.econbiz.de/10011541123
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Diamonds are Not Forever : Botswana Medium-Term Fiscal Sustainability
Kojo, Naoko C. - 2010
This paper analyzes Botswana's medium-term fiscal sustainability in view of the expected depletion of diamonds in the …. Ensuring medium-term sustainability of Botswana's public finances requires stronger revenue collection, through improved … further. Looking ahead, growth of a dynamic non-mining sector is crucial for Botswana not only from the fiscal sustainability …
Persistent link: https://www.econbiz.de/10013135944
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Is Fiscal Policy Procyclical in Resource-Rich Countries
Aliyev, Ilkin - 2012
We analyze fiscal policy procyclicality in resource-rich countries. We obtain a strong U-shaped relationship between the procyclicality of government capital expenditures and the resource richness measure comprised of the mineral exports share in total merchandise exports for developing...
Persistent link: https://www.econbiz.de/10013103578
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The Risks of Fiscal Policy in Countries Rich in Natural Resources
Knobel, Alexander - 2013
The article addresses the issue of fiscal policy risks in countries with an abundance of natural resources, including Russia. It is demonstrated which consequences Russia's federal budget may be faced with as a result of declining oil prices. In the context of phenomena typical of...
Persistent link: https://www.econbiz.de/10013072195
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Some Policy Lessons from Country Applications of the Dig and DIGNAR Models
Gurara, Daniel - 2019
Over the past seven years, the DIG and DIGNAR models have complemented the IMF and World Bank debt sustainability … raises growth and lowers the risks associated with debt sustainability. Second, prudent and gradual investment scaling … constraints, and debt sustainability risks. Third, domestic revenue mobilization helps create fiscal space for investment scaling …
Persistent link: https://www.econbiz.de/10012888685
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What Drives Vertical Fiscal Interactions? Evidence from the 1980 Crude Oil Windfall Act
Perez‐Sebastian, Fidel - 2018
In economies with multi-level governments, why would a change in the fiscal rule of a government in one level lead to a fiscal response by a government in a different level? The literature focused primarily on the standard common-pool problem, while giving little attention to the potential role...
Persistent link: https://www.econbiz.de/10012935790