prudent management of oil revenues: impacts of government capital
... Yet, as a result of Azerbaijan’s success in inducing eleven oil companies to sign the aforementioned Production Sharing Agreements (PSA) with the government in 1994, FDI was plowed into the oil sector and the infrastructural investments needed to develop both its production and export capabilities. ...
... Yet, as a result of Azerbaijan’s success in inducing eleven oil companies to sign the aforementioned Production Sharing Agreements (PSA) with the government in 1994, FDI was plowed into the oil sector and the infrastructural investments needed to develop both its production and export capabilities. ...
Angola - Banco BPI
... office, the Angolan Executive estimates a 2.8% GDP growth rate for 2015, primarily spurred by the oil sector. This estimated growth rate is starkly below not only the estimate placed on the Amended State Budget for 2015 (6.6%), but also the State Budget 2016 estimate (4%), as well as the growth rate ...
... office, the Angolan Executive estimates a 2.8% GDP growth rate for 2015, primarily spurred by the oil sector. This estimated growth rate is starkly below not only the estimate placed on the Amended State Budget for 2015 (6.6%), but also the State Budget 2016 estimate (4%), as well as the growth rate ...
NBER WORKING PAPER SERIES ENERGY AND RESOURCE ALLOCATION: A DYNAMIC
... The decline of the manufacturing sector following an energy discovery has been termed the "Dutch disease," and has been investigated in many recent studies. Our model extends the principally static analyses to date by allowing for: (1) short—run capital specificity and long—run capital mobility; (2) ...
... The decline of the manufacturing sector following an energy discovery has been termed the "Dutch disease," and has been investigated in many recent studies. Our model extends the principally static analyses to date by allowing for: (1) short—run capital specificity and long—run capital mobility; (2) ...
Environmental Sustainability and Poverty Eradication in Developing
... Policies for more efficient and sustainable resource-based development Since 1950, few low and middle income economies with abundant endowments of land, mineral and fossil fuel resources have achieved successful resource-based development (Barbier 2005 and 2011; van der Ploeg 2011). For example, Gy ...
... Policies for more efficient and sustainable resource-based development Since 1950, few low and middle income economies with abundant endowments of land, mineral and fossil fuel resources have achieved successful resource-based development (Barbier 2005 and 2011; van der Ploeg 2011). For example, Gy ...
Natural resource accounting - Lincoln University Research Archive
... justify when so many other problems would still remain" (Repetto, 1988, p.3). Criticisms occur on two levels. Firstly, there is criticism of national accounting as an indicator of welfare. Secondly, there are many criticisms of how 'it is done, that is, of omissions and misrepresentations. Criticism ...
... justify when so many other problems would still remain" (Repetto, 1988, p.3). Criticisms occur on two levels. Firstly, there is criticism of national accounting as an indicator of welfare. Secondly, there are many criticisms of how 'it is done, that is, of omissions and misrepresentations. Criticism ...
A Resource Belief-Curse: Oil and Individualism
... world. Several survey measures attest to this. For example, a 2005 survey in 20 countries showed that 65% of respondents endorsed the view that “The free enterprise system and free market economy work best in society’s interests when accompanied by strong government regulations.” Beyond opinions, da ...
... world. Several survey measures attest to this. For example, a 2005 survey in 20 countries showed that 65% of respondents endorsed the view that “The free enterprise system and free market economy work best in society’s interests when accompanied by strong government regulations.” Beyond opinions, da ...
Insights from Bolivia`s Green National Accounts
... producers have very little land and capital available, so their main input has to be labor. In the Bolivian lowlands, on the other hand, the modern agricultural industry takes advantage of easy access to new agricultural land and subsidized complementary inputs (diesel), while minimizing the use of ...
... producers have very little land and capital available, so their main input has to be labor. In the Bolivian lowlands, on the other hand, the modern agricultural industry takes advantage of easy access to new agricultural land and subsidized complementary inputs (diesel), while minimizing the use of ...
What next for Nigeria’s economy? Navigating the rocky road ahead
... Naira/US$ band from 150-160 to 160-176 (an effective devaluation of 8%). In February 2015, the central bank accommodated further – cancelling its dollar auctions and targeting a new fixed exchange rate of 196.5. The exchange rate in the parallel market – that had widened to 230 Naira/US$ in February ...
... Naira/US$ band from 150-160 to 160-176 (an effective devaluation of 8%). In February 2015, the central bank accommodated further – cancelling its dollar auctions and targeting a new fixed exchange rate of 196.5. The exchange rate in the parallel market – that had widened to 230 Naira/US$ in February ...
Another Look at the Defense Spending and Development Hypothesis
... expenditures, 9 INV is the gross capital formulation as a percent of GDP, AID is the receipts of bilateral aid as a percent of GDP, and D EFN is defense expenditure as a percent of GDP. He concluded that "Contrary to my expectations, countries with a heavy defense burden generally had the most rapid ...
... expenditures, 9 INV is the gross capital formulation as a percent of GDP, AID is the receipts of bilateral aid as a percent of GDP, and D EFN is defense expenditure as a percent of GDP. He concluded that "Contrary to my expectations, countries with a heavy defense burden generally had the most rapid ...
The Benefit of Economic Stagnation
... brink of collapse. Other countries are awaiting debt rescheduling processes due to their inability to even pay the accumulated interest on their loans. The best example of this is Brazil, whose debt has amounted to 100 billion dollars or more. More signs that point to a global recession are the sudd ...
... brink of collapse. Other countries are awaiting debt rescheduling processes due to their inability to even pay the accumulated interest on their loans. The best example of this is Brazil, whose debt has amounted to 100 billion dollars or more. More signs that point to a global recession are the sudd ...
environmental economics
... parties involved could strike a voluntary bargain. According to Coase's theorem, it does not matter who has ownership, so long as property rights exist and free trade is possible. The options for dealing with externalities - positive or negative - are numerous, and often depend on the type of extern ...
... parties involved could strike a voluntary bargain. According to Coase's theorem, it does not matter who has ownership, so long as property rights exist and free trade is possible. The options for dealing with externalities - positive or negative - are numerous, and often depend on the type of extern ...
EMFA swot
... an economy including inputs from the national environment and outputs to the environment and the physical amounts of imports and exports (Eurostat 2001). The accounts are in physical units, usually tonnes per year. Economy−wide MFA is based on the mass balance concept and account systematically for ...
... an economy including inputs from the national environment and outputs to the environment and the physical amounts of imports and exports (Eurostat 2001). The accounts are in physical units, usually tonnes per year. Economy−wide MFA is based on the mass balance concept and account systematically for ...
Document
... One of the major features of this study is that the empirical results clearly reveal the impact of major global events including the recent global financial crisis (2008) on the sectoral synchronization between oil and individual non-oil sectors; Considering the major determinants, the non-oil pri ...
... One of the major features of this study is that the empirical results clearly reveal the impact of major global events including the recent global financial crisis (2008) on the sectoral synchronization between oil and individual non-oil sectors; Considering the major determinants, the non-oil pri ...
impact of oil shocks (revenue) on government revenue
... revenue fluctuations and also the fluctuation in government development expenditures. The results from the VECM approach indicate that a significant part of LM2 variance is explained by the variance in oil revenue. Jimenez-Rodriguez and Sanchez (2004) assess empirically the effects of oil price shoc ...
... revenue fluctuations and also the fluctuation in government development expenditures. The results from the VECM approach indicate that a significant part of LM2 variance is explained by the variance in oil revenue. Jimenez-Rodriguez and Sanchez (2004) assess empirically the effects of oil price shoc ...