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
Tabla de Contenidos:
  • I. Introduction; II. Fiscal Policy in Resource-Rich Countries:; A. International Experience; B. The Permanent Income Hypothesis; C. Mathematical Representation of How to Calculate Benchmarks; III. The Case of Botswana; A. Background; B. Calculating Sustainable Non-mineral Balances for Botswana; Figures; 1 Botswana: Mineral Revenues, Annuity, and Asset Accumulation; Table; 1. Botswana: Fiscal Sustainability Benchmarks; C. Sensitivity Analysis; 2. Botswana: Sensitivity Analysis for Benchmarked Balances; 3. Botswana: Mineral Revenues, Annuity, and Asset Accumulation; IV. Conclusions.

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