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Management of oil wealth under the permanent income hypothesis : the case of Sāo Tomé and Príncipe /
This paper documents the protracted process of shaping the rules governing oil operations in São Tomé and Príncipe. It analyzes the institutional framework for oil sector development, which applies Milton Friedman's permanent income hypothesis to the management of oil resources. São Tomé a...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund,
©2006.
|
| Colección: | IMF working paper ;
WP/06/183. |
| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Contents
- I. INTRODUCTION
- II. GEOGRAPHICAL
- III. OIL SECTOR INSTITUTIONAL FRAMEWORK
- IV. LICENSING
- V. FISCAL RULES
- VI. APPLICATION
- VII. SENSITIVITY ANALYSIS
- VIII. SIMULATING PER CAPITA PIH
- IX. CONCLUSIONS
- APPENDIXES
- REFERENCES