Policy towards Commodity Shocks in Developing Countries /

On the basis of a comparative study of 23 episodes involving commodity price shocks we find that both the public and private sectors typically save around half of a windfall gain resulting from a price rise. We argue that private windfalls should be left with the private sector rather than taxed. Th...

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Detalhes bibliográficos
Autor principal: Gunning, Jan
Outros Autores: Collier, Paul
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 1996.
Colecção:IMF Working Papers; Working Paper ; No. 1996/084
Acesso em linha:Full text available on IMF