Calculating Sustainable Non-mineral Balances as Benchmarks for Fiscal Policy.

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 an...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Clausen, Jens R.
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington : International Monetary Fund, 2008.
Colección:IMF Working Papers.
Temas:
Since 1966
Fiscal policy > Botswana.
Revenue > Botswana.
Politique fiscale > Botswana.
Revenus de l'État > Botswana.
Economic history
Fiscal policy
Revenue
Botswana > Economic conditions > 1966-
Botswana > Conditions économiques > 1966-
Botswana
Acceso en línea:Texto completo
Descripción
Sumario: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 revenues from these resources, which is held constant in terms of GDP. Botswana is an interesting case because current projections suggest that diamond resources could be largely exhausted within a generation.
Descripción Física:1 online resource (17 pages)
Bibliografía:References.
ISBN:9781451914313
1451914318

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