Holdings: Calculating Sustainable Non-Mineral Balances As Benchmarks for Fiscal Policy

Calculating Sustainable Non-Mineral Balances As Benchmarks for Fiscal Policy: The Case of Botswana

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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Bibliographic Details
Main Author:	Clausen, Jens R. (Author)
Format:	Electronic eBook
Language:	English
Published:	Washington, D.C International Monetary Fund 2008
Series:	IMF Working Papers Working Paper No. 08/117
Subjects:	Fiscal policy > Botswana Revenue > Botswana Botswana / Economic conditions / 1966- Electronic books
Online Access:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Summary:	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
Item Description:	Includes bibliographical references
Physical Description:	1 Online-Ressource (15 p)
ISBN:	1451869770 9781451869774

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spelling	Clausen, Jens R. Verfasser aut Calculating Sustainable Non-Mineral Balances As Benchmarks for Fiscal Policy The Case of Botswana Clausen, Jens R Washington, D.C International Monetary Fund 2008 1 Online-Ressource (15 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 08/117 Includes bibliographical references 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 Online-Ausg Fiscal policy Botswana Revenue Botswana Botswana / Economic conditions / 1966- Electronic books http://elibrary.imf.org/view/IMF001/09248-9781451869774/09248-9781451869774/09248-9781451869774.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Clausen, Jens R. Calculating Sustainable Non-Mineral Balances As Benchmarks for Fiscal Policy The Case of Botswana Fiscal policy Botswana Revenue Botswana
title	Calculating Sustainable Non-Mineral Balances As Benchmarks for Fiscal Policy The Case of Botswana
title_auth	Calculating Sustainable Non-Mineral Balances As Benchmarks for Fiscal Policy The Case of Botswana
title_exact_search	Calculating Sustainable Non-Mineral Balances As Benchmarks for Fiscal Policy The Case of Botswana
title_exact_search_txtP	Calculating Sustainable Non-Mineral Balances As Benchmarks for Fiscal Policy The Case of Botswana
title_full	Calculating Sustainable Non-Mineral Balances As Benchmarks for Fiscal Policy The Case of Botswana Clausen, Jens R
title_fullStr	Calculating Sustainable Non-Mineral Balances As Benchmarks for Fiscal Policy The Case of Botswana Clausen, Jens R
title_full_unstemmed	Calculating Sustainable Non-Mineral Balances As Benchmarks for Fiscal Policy The Case of Botswana Clausen, Jens R
title_short	Calculating Sustainable Non-Mineral Balances As Benchmarks for Fiscal Policy
title_sort	calculating sustainable non mineral balances as benchmarks for fiscal policy the case of botswana
title_sub	The Case of Botswana
topic	Fiscal policy Botswana Revenue Botswana
topic_facet	Fiscal policy Botswana Revenue Botswana
url	http://elibrary.imf.org/view/IMF001/09248-9781451869774/09248-9781451869774/09248-9781451869774.xml
work_keys_str_mv	AT clausenjensr calculatingsustainablenonmineralbalancesasbenchmarksforfiscalpolicythecaseofbotswana

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