Fiscal Sustainability with Non-Renewable Resources /

This paper assesses sustainable fiscal behavior in an economy where wealth is derived predominantly from a non-renewable resource. It explores the issue in a simple dynamic framework that highlights the structural weaknesses in the underlying budgetary position, takes into account the rate of deplet...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Chalk, Nigel
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 1998.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 1998/026
Online Zugang:Full text available on IMF
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245 1 0 |a Fiscal Sustainability with Non-Renewable Resources /  |c Nigel Chalk. 
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300 |a 1 online resource (36 pages) 
490 1 |a IMF Working Papers 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper assesses sustainable fiscal behavior in an economy where wealth is derived predominantly from a non-renewable resource. It explores the issue in a simple dynamic framework that highlights the structural weaknesses in the underlying budgetary position, takes into account the rate of depletion of a country's natural resource base, and examines the impact of changes in a country's terms of trade. An alternative indicator of fiscal sustainability is derived, and the principal factors determining sustainability are identified. The results of the analysis are applied to Venezuela and Kuwait. 
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830 0 |a IMF Working Papers; Working Paper ;  |v No. 1998/026 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1998/026/001.1998.issue-026-en.xml  |z IMF e-Library