Calculating Sustainable Non-mineral Balances as Benchmarks for Fiscal Policy : The Case of Botswana /
Assuming a social welfare function that smoothes expenditure, this paper calculates a sustainability benchmark for the non-mineral balance in Botswana that is based on a notion of a "permanent income" from non-renewable resources. It is derived by constructing a hypothetical annuity from r...
| מחבר ראשי: | |
|---|---|
| פורמט: | כתב-עת |
| שפה: | English |
| יצא לאור: |
Washington, D.C. :
International Monetary Fund,
2008.
|
| סדרה: | IMF Working Papers; Working Paper ;
No. 2008/117 |
| גישה מקוונת: | Full text available on IMF |