Author: Benn Eifert
Publisher:
ISBN:
Category : Fiscal policy
Languages : en
Pages : 40

Get Book

Book Description

Author: Mr.Tokhir N Mirzoev
Publisher: International Monetary Fund
ISBN: 1498315992
Category : Business & Economics
Languages : en
Pages : 41

Get Book

Book Description
We examine the existing fiscal policy paradigm in commodity-exporting countries. First, we argue that its centerpiece—the permanent income hypothesis (PIH)—is not consistent with either intergenerational equity or long-term sustainability in the presence of uncertainty. Policies to achieve these goals need to be more prudent and better anchored than the PIH. Second, we point out the presence of a volatility tradeoff between government spending and wealth and re-assess long-held views on the appropriate fiscal anchors, the vice of procyclicality, and the (im)possibility of simultaneously smoothing consumption and ensuring intergenerational equity and sustainability. Finally, we propose what we call a prudent wealth stabilization policy that would be more consistent with long-term fiscal policy goals, yet relatively simple to implement and communicate.

Author: Michael Tanzer
Publisher: Boston : Beacon Press
ISBN:
Category : Political Science
Languages : en
Pages : 456

Get Book

Book Description
Monograph on economic implications for developing countries of the activities of multinational enterprises of the petroleum industry, with particular reference to Iraq, India, Mexico, China and parts of Latin America - covers political aspects, trade problems, monopolys, ownership and location of industry, financial aspects, transportation costs and prices, industrial policy in respect of oil, the role of USA, the role of USSR, etc. References and statistical tables.

Author: Aasim M. Husain
Publisher:
ISBN:
Category : Business cycles
Languages : en
Pages : 24

Get Book

Book Description
This paper empirically assesses the impact of oil price shocks on the underlying non-oil economic cycle in oil-exporting countries. Panel VAR analysis and the associated impulse responses indicate that in countries where the oil sector is large in relation to the economy, oil price changes affect the economic cycle only through their impact on fiscal policy. Once fiscal policy changes are removed, oil price shocks do not have a significant independent effect on the economic cycle.

Author: Mr.Vito Tanzi
Publisher: International Monetary Fund
ISBN: 1557751714
Category : Business & Economics
Languages : en
Pages : 244

Get Book

Book Description
Based on papers presented at the 44th Congress of the international Institute of Public Finance, this book, edited by Vito Tanzi, deals with public finance and macroeconomic policy in open, developing economies, with case studies of Chile, Mexico, Turkey, Korea, and the Arab oil exporting countries.

Author: George Philip
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 242

Get Book

Book Description
Developing countries in Africa, the Middle East and Latin America have made huge profits from exporting oil in recent years and have won great control over world markets. This book looks at the background to examine why this vast oil revenue has done so little to bring about sustained economic and political development in these countries. Separate chapters consider: the impact of oil on individual developing countries, from initial exploitation through to the present day; the evolution of the international oil industry as a whole; and US and British oil policies. The work is fully up-to-date and contains statistical material.

Author: Martin Beck
Publisher: Manchester University Press
ISBN: 1526149087
Category : Political Science
Languages : en
Pages : 204

Get Book

Book Description
The downhill slide in the global price of crude oil, which started mid-2014, had major repercussions across the Middle East for net oil exporters, as well as importers closely connected to the oil-producing countries from the Gulf. Following the Arab uprisings of 2010 and 2011, the oil price decline represented a second major shock for the region in the early twenty-first century – one that has continued to impose constraints, but also provided opportunities. Offering the first comprehensive analysis of the Middle Eastern political economy in response to the 2014 oil price decline, this book connects oil market dynamics with an understanding of socio-political changes. Inspired by rentierism, the contributors present original studies on Bahrain, Egypt, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. The studies reveal a large diversity of country-specific policy adjustment strategies: from the migrant workers in the Arab Gulf, who lost out in the post-2014 period but were incapable of repelling burdensome adjustment policies, to Egypt, Jordan, and Lebanon, who have never been able to fulfil the expectation that they could benefit from the 2014 oil price decline. With timely contributions on the COVID-19-induced oil price crash in 2020, this collection signifies that rentierism still prevails with regard to both empirical dynamics in the Middle East and academic discussions on its political economy.

Author: Theodore H. Moran
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 122

Get Book

Book Description

Author: Joshua Yindenaba Abor
Publisher: Taylor & Francis
ISBN: 1000834042
Category : Business & Economics
Languages : en
Pages : 353

Get Book

Book Description
Energy is a key resource for transformational development globally. Oil and gas continue to play a key role in this sector irrespective of the gradual transition towards renewables and will continue to do so in most developing and emerging economies in the near future. The industry is complex and highly capital intensive not only with significant risk, but also with significant benefits. Such a complex but important sector is generally not well understood both in academic and policy circles. This book fills this void by serving as a comprehensive reference to the oil and gas sector, with a focus on emerging markets and developing economies (EMDEs). It offers in-depth coverage of the critical and contemporary issues in the economics of the oil and gas industry by carefully integrating the relevant theoretical underpinnings and practical policy issues across the value chain of the industry in relation to the development, fiscal arrangements, and the economic and financing aspects of the industry. These insights will significantly deepen the understanding of the industry and extend knowledge of the sector in ways that existing books do not. The book includes relevant cases and, thus, will serve as a valuable resource for students taking courses in market analysis of the oil and gas industry, energy economics, development economics and finance, environmental and resource economics, the political economy of the extractive industry, and development studies. Researchers and practitioners working in these areas will also find the book to be a useful reference guide.

Author: David S. Painter
Publisher: Baltimore : Johns Hopkins University Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 330

Get Book

Book Description