Investing Volatile Oil Revenues in Capital-Scarce Economies : An Application to Angola /

Natural resource revenues are an increasingly important financing source for public investment in many developing economies. Investing volatile resource revenues, however, may subject an economy to macroeconomic instability. This paper applies to Angola the fiscal framework developed in Berg and oth...

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Bibliographic Details
Main Author: Richmond, Christine
Other Authors: Yackovlev, Irene, Yang, Susan
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2013.
Series:IMF Working Papers; Working Paper ; No. 2013/147
Online Access:Full text available on IMF