Are Diamonds Forever? : Using the Permanent Income Hypothesis to Analyze Botswana's Reliance on Diamond Revenue /

This study assesses the sustainability of Botswana's diamond-related fiscal revenue. Diamond reserves are not adequate to generate enough permanent revenue to sustain a high level of expenditure. Under the current fiscal rule that no debt may be accumulated, Botswana will have to save more to a...

詳細記述

書誌詳細
第一著者: Basdevant, Olivier
フォーマット: 雑誌
言語:English
出版事項: Washington, D.C. : International Monetary Fund, 2008.
シリーズ:IMF Working Papers; Working Paper ; No. 2008/080
オンライン・アクセス:Full text available on IMF
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520 3 |a This study assesses the sustainability of Botswana's diamond-related fiscal revenue. Diamond reserves are not adequate to generate enough permanent revenue to sustain a high level of expenditure. Under the current fiscal rule that no debt may be accumulated, Botswana will have to save more to avoid an abrupt adjustment in the medium term. 
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