Public investment in resource-abundant developing countries /:
"Natural resource revenues provide a valuable source to finance public investment in developing countries, which frequently face borrowing constraints and tax revenue mobilization problems. This paper develops a dynamic stochastic small open economy model to analyze the macroeconomic effects of...
Gespeichert in:
| Körperschaft: | |
|---|---|
| Weitere Verfasser: | |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
[Washington, D.C.] :
International Monetary Fund,
©2012.
|
| Schriftenreihe: | IMF working paper ;
WP/12/274. |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | "Natural resource revenues provide a valuable source to finance public investment in developing countries, which frequently face borrowing constraints and tax revenue mobilization problems. This paper develops a dynamic stochastic small open economy model to analyze the macroeconomic effects of investing natural resource revenues, making explicit the role of pervasive features in these countries including public investment inefficiency, absorptive capacity constraints, Dutch disease, and financing needs to sustain capital. Revenue exhaustibility raises medium-term issues of how to sustain capital built during a windfall, while revenue volatility raises short-term concerns about macroeconomic instability. Using the model, country applications show how combining public investment with a resource fund---a sustainable investing approach---can help address the macroeconomic problems associated with both exhaustibility and volatility. The applications also demonstrate how the model can be used to determine the appropriate magnitude of the investment scaling-up (accounting for the financing needs to sustain capital) and the adequate size of a stabilization fund (buffer)"--Abstract |
| Beschreibung: | Title from PDF title page (IMF Web site, viewed November 26, 2012). "Research Department"--Page 2 of pdf "November 2012"--Page 2 of pdf |
| Beschreibung: | 1 online resource (48 pages) : color illustrations |
| Bibliographie: | Includes bibliographical references (pages 42-47). |
| ISBN: | 9781475549829 1475549822 1475569963 9781475569964 1283947897 9781283947893 |
Internformat
MARC
| LEADER | 00000cam a2200000 a 4500 | ||
|---|---|---|---|
| 001 | ZDB-4-EBU-ocn819355356 | ||
| 003 | OCoLC | ||
| 005 | 20240405112445.0 | ||
| 006 | m o d | ||
| 007 | cr cnu---unuuu | ||
| 008 | 121126s2012 dcua ob i000 0 eng d | ||
| 040 | |a DJB |b eng |e pn |c DJB |d OCLCA |d IDEBK |d OCLCA |d E7B |d YDXCP |d EBLCP |d N$T |d OCLCQ |d OCLCO |d OCLCQ |d D6H |d AZK |d LOA |d AGLDB |d OCLCQ |d MOR |d CCO |d PIFAG |d OCLCQ |d MERUC |d OCLCQ |d ZCU |d U3W |d OCLCF |d STF |d WRM |d VNS |d OCLCQ |d VTS |d CEF |d NRAMU |d ICG |d VT2 |d AU@ |d OCLCQ |d WYU |d DKC |d OCLCQ |d M8D |d OCLCQ |d UKCRE |d BOL |d AJS |d OCLCQ |d QGK |d S2H |d OCLCO |d OCLCQ |d OCLCL | ||
| 019 | |a 823104732 |a 961627459 |a 962695982 |a 966215409 |a 988461172 |a 992090146 |a 1037717807 |a 1038596887 |a 1045515730 |a 1055340886 |a 1058131776 |a 1077265587 |a 1081251365 |a 1107368341 |a 1114454766 |a 1153501798 |a 1202543244 |a 1228546832 |a 1259169730 |a 1289516486 |a 1313543692 | ||
| 020 | |a 9781475549829 |q (electronic bk.) | ||
| 020 | |a 1475549822 |q (electronic bk.) | ||
| 020 | |z 9781475535563 | ||
| 020 | |a 1475569963 | ||
| 020 | |a 9781475569964 | ||
| 020 | |a 1283947897 | ||
| 020 | |a 9781283947893 | ||
| 035 | |a (OCoLC)819355356 |z (OCoLC)823104732 |z (OCoLC)961627459 |z (OCoLC)962695982 |z (OCoLC)966215409 |z (OCoLC)988461172 |z (OCoLC)992090146 |z (OCoLC)1037717807 |z (OCoLC)1038596887 |z (OCoLC)1045515730 |z (OCoLC)1055340886 |z (OCoLC)1058131776 |z (OCoLC)1077265587 |z (OCoLC)1081251365 |z (OCoLC)1107368341 |z (OCoLC)1114454766 |z (OCoLC)1153501798 |z (OCoLC)1202543244 |z (OCoLC)1228546832 |z (OCoLC)1259169730 |z (OCoLC)1289516486 |z (OCoLC)1313543692 | ||
| 043 | |a d------ | ||
| 050 | 4 | |a HG3881.5.I58 |b W67 No. 12/274eb | |
| 072 | 7 | |a BUS |x 027000 |2 bisacsh | |
| 082 | 7 | |a 332.152 |2 23 | |
| 049 | |a MAIN | ||
| 245 | 0 | 0 | |a Public investment in resource-abundant developing countries / |c Andrew Berg [and others]. |
| 260 | |a [Washington, D.C.] : |b International Monetary Fund, |c ©2012. | ||
| 300 | |a 1 online resource (48 pages) : |b color illustrations | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 340 | |g polychrome. |2 rdacc |0 http://rdaregistry.info/termList/RDAColourContent/1003 | ||
| 347 | |a data file | ||
| 490 | 1 | |a IMF working paper ; |v WP/12/274 | |
| 500 | |a Title from PDF title page (IMF Web site, viewed November 26, 2012). | ||
| 500 | |a "Research Department"--Page 2 of pdf | ||
| 500 | |a "November 2012"--Page 2 of pdf | ||
| 520 | |a "Natural resource revenues provide a valuable source to finance public investment in developing countries, which frequently face borrowing constraints and tax revenue mobilization problems. This paper develops a dynamic stochastic small open economy model to analyze the macroeconomic effects of investing natural resource revenues, making explicit the role of pervasive features in these countries including public investment inefficiency, absorptive capacity constraints, Dutch disease, and financing needs to sustain capital. Revenue exhaustibility raises medium-term issues of how to sustain capital built during a windfall, while revenue volatility raises short-term concerns about macroeconomic instability. Using the model, country applications show how combining public investment with a resource fund---a sustainable investing approach---can help address the macroeconomic problems associated with both exhaustibility and volatility. The applications also demonstrate how the model can be used to determine the appropriate magnitude of the investment scaling-up (accounting for the financing needs to sustain capital) and the adequate size of a stabilization fund (buffer)"--Abstract | ||
| 504 | |a Includes bibliographical references (pages 42-47). | ||
| 505 | 0 | |a Cover; Contents; I. Introduction; II. Model Setup; A Households; B Firms; C The Government; D Some Market Clearing Conditions and Identities; III. Equilibrium and Calibration; A The CEMAC Region; B Angola; IV. Investing with a short revenue horizon; A Saving in a SWF vs. Investing in Public Capital; B Sustaining Public Capital; C Endogenous Depreciation of Public Capital; D The Sustainable Investing Approach; E Development without the Windfall; V. Investing Volatile Resource Revenue; A The Sustainable Investing Approach to Managing Volatility. | |
| 505 | 8 | |a B Allocation between Investing and External SavingVI. Conclusion; Tables; 1 Baseline Parameter Calibration; 2 Welfare Comparison with All-Investing; 3 Stabilization Effects of the Sustainable Investing Approach; Figures; 1 CEMAC application: saving in a SWF vs. all-investing; 2 CEMAC application: all-investing and sustaining public capital by fiscal Adjustments through consumption taxes or transfers; 3 CEMAC application with constant depreciation rate of public capital: Saving in a SWF vs. all-investing; 4 CEMAC application: sustainable investing approach. | |
| 505 | 8 | |a 5 CEMAC application: investing without a Resource Windfall6 Angola application: conservative vs. aggressive scaling-up under sustainable investing; 7 Angola application: conservative vs. aggressive scaling-up With constant depreciation rate; Appendix I: Equilibrium and Optimality Conditions; References. | |
| 546 | |a English. | ||
| 650 | 0 | |a Public investments |z Developing countries |x Finance |x Econometric models. | |
| 650 | 0 | |a Natural resources |z Developing countries. | |
| 650 | 7 | |a BUSINESS & ECONOMICS |x Finance. |2 bisacsh | |
| 650 | 7 | |a Natural resources |2 fast | |
| 651 | 7 | |a Developing countries |2 fast | |
| 700 | 1 | |a Berg, Andrew. |0 http://id.loc.gov/authorities/names/no95020783 | |
| 710 | 2 | |a International Monetary Fund. |b Research Department. |0 http://id.loc.gov/authorities/names/n77001219 | |
| 758 | |i has work: |a Public investment in resource-abundant developing countries (Text) |1 https://id.oclc.org/worldcat/entity/E39PCGxxmBwDHGG6KpkHcH9cvb |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
| 776 | |z 1-4755-7051-1 | ||
| 776 | |z 1-4755-3556-2 | ||
| 830 | 0 | |a IMF working paper ; |v WP/12/274. |0 http://id.loc.gov/authorities/names/no89010263 | |
| 856 | 4 | 0 | |l FWS01 |p ZDB-4-EBU |q FWS_PDA_EBU |u https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=520716 |3 Volltext |
| 938 | |a EBL - Ebook Library |b EBLB |n EBL1607066 | ||
| 938 | |a ebrary |b EBRY |n ebr10644326 | ||
| 938 | |a EBSCOhost |b EBSC |n 520716 | ||
| 938 | |a ProQuest MyiLibrary Digital eBook Collection |b IDEB |n cis24556510 | ||
| 938 | |a YBP Library Services |b YANK |n 9975277 | ||
| 938 | |a YBP Library Services |b YANK |n 11306026 | ||
| 994 | |a 92 |b GEBAY | ||
| 912 | |a ZDB-4-EBU | ||
| 049 | |a DE-863 | ||
Datensatz im Suchindex
| DE-BY-FWS_katkey | ZDB-4-EBU-ocn819355356 |
|---|---|
| _version_ | 1804748438339846144 |
| adam_text | |
| any_adam_object | |
| author2 | Berg, Andrew |
| author2_role | |
| author2_variant | a b ab |
| author_GND | http://id.loc.gov/authorities/names/no95020783 |
| author_corporate | International Monetary Fund. Research Department |
| author_corporate_role | |
| author_facet | Berg, Andrew International Monetary Fund. Research Department |
| author_sort | Berg, Andrew |
| building | Verbundindex |
| bvnumber | localFWS |
| callnumber-first | H - Social Science |
| callnumber-label | HG3881 |
| callnumber-raw | HG3881.5.I58 W67 No. 12/274eb |
| callnumber-search | HG3881.5.I58 W67 No. 12/274eb |
| callnumber-sort | HG 43881.5 I58 W67 NO 212 3274EB |
| callnumber-subject | HG - Finance |
| collection | ZDB-4-EBU |
| contents | Cover; Contents; I. Introduction; II. Model Setup; A Households; B Firms; C The Government; D Some Market Clearing Conditions and Identities; III. Equilibrium and Calibration; A The CEMAC Region; B Angola; IV. Investing with a short revenue horizon; A Saving in a SWF vs. Investing in Public Capital; B Sustaining Public Capital; C Endogenous Depreciation of Public Capital; D The Sustainable Investing Approach; E Development without the Windfall; V. Investing Volatile Resource Revenue; A The Sustainable Investing Approach to Managing Volatility. B Allocation between Investing and External SavingVI. Conclusion; Tables; 1 Baseline Parameter Calibration; 2 Welfare Comparison with All-Investing; 3 Stabilization Effects of the Sustainable Investing Approach; Figures; 1 CEMAC application: saving in a SWF vs. all-investing; 2 CEMAC application: all-investing and sustaining public capital by fiscal Adjustments through consumption taxes or transfers; 3 CEMAC application with constant depreciation rate of public capital: Saving in a SWF vs. all-investing; 4 CEMAC application: sustainable investing approach. 5 CEMAC application: investing without a Resource Windfall6 Angola application: conservative vs. aggressive scaling-up under sustainable investing; 7 Angola application: conservative vs. aggressive scaling-up With constant depreciation rate; Appendix I: Equilibrium and Optimality Conditions; References. |
| ctrlnum | (OCoLC)819355356 |
| dewey-full | 332.152 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 332 - Financial economics |
| dewey-raw | 332.152 |
| dewey-search | 332.152 |
| dewey-sort | 3332.152 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>06388cam a2200721 a 4500</leader><controlfield tag="001">ZDB-4-EBU-ocn819355356</controlfield><controlfield tag="003">OCoLC</controlfield><controlfield tag="005">20240405112445.0</controlfield><controlfield tag="006">m o d </controlfield><controlfield tag="007">cr cnu---unuuu</controlfield><controlfield tag="008">121126s2012 dcua ob i000 0 eng d</controlfield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DJB</subfield><subfield code="b">eng</subfield><subfield code="e">pn</subfield><subfield code="c">DJB</subfield><subfield code="d">OCLCA</subfield><subfield code="d">IDEBK</subfield><subfield code="d">OCLCA</subfield><subfield code="d">E7B</subfield><subfield code="d">YDXCP</subfield><subfield code="d">EBLCP</subfield><subfield code="d">N$T</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">OCLCO</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">D6H</subfield><subfield code="d">AZK</subfield><subfield code="d">LOA</subfield><subfield code="d">AGLDB</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">MOR</subfield><subfield code="d">CCO</subfield><subfield code="d">PIFAG</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">MERUC</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">ZCU</subfield><subfield code="d">U3W</subfield><subfield code="d">OCLCF</subfield><subfield code="d">STF</subfield><subfield code="d">WRM</subfield><subfield code="d">VNS</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">VTS</subfield><subfield code="d">CEF</subfield><subfield code="d">NRAMU</subfield><subfield code="d">ICG</subfield><subfield code="d">VT2</subfield><subfield code="d">AU@</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">WYU</subfield><subfield code="d">DKC</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">M8D</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">UKCRE</subfield><subfield code="d">BOL</subfield><subfield code="d">AJS</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">QGK</subfield><subfield code="d">S2H</subfield><subfield code="d">OCLCO</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">OCLCL</subfield></datafield><datafield tag="019" ind1=" " ind2=" "><subfield code="a">823104732</subfield><subfield code="a">961627459</subfield><subfield code="a">962695982</subfield><subfield code="a">966215409</subfield><subfield code="a">988461172</subfield><subfield code="a">992090146</subfield><subfield code="a">1037717807</subfield><subfield code="a">1038596887</subfield><subfield code="a">1045515730</subfield><subfield code="a">1055340886</subfield><subfield code="a">1058131776</subfield><subfield code="a">1077265587</subfield><subfield code="a">1081251365</subfield><subfield code="a">1107368341</subfield><subfield code="a">1114454766</subfield><subfield code="a">1153501798</subfield><subfield code="a">1202543244</subfield><subfield code="a">1228546832</subfield><subfield code="a">1259169730</subfield><subfield code="a">1289516486</subfield><subfield code="a">1313543692</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9781475549829</subfield><subfield code="q">(electronic bk.)</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">1475549822</subfield><subfield code="q">(electronic bk.)</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="z">9781475535563</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">1475569963</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9781475569964</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">1283947897</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9781283947893</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)819355356</subfield><subfield code="z">(OCoLC)823104732</subfield><subfield code="z">(OCoLC)961627459</subfield><subfield code="z">(OCoLC)962695982</subfield><subfield code="z">(OCoLC)966215409</subfield><subfield code="z">(OCoLC)988461172</subfield><subfield code="z">(OCoLC)992090146</subfield><subfield code="z">(OCoLC)1037717807</subfield><subfield code="z">(OCoLC)1038596887</subfield><subfield code="z">(OCoLC)1045515730</subfield><subfield code="z">(OCoLC)1055340886</subfield><subfield code="z">(OCoLC)1058131776</subfield><subfield code="z">(OCoLC)1077265587</subfield><subfield code="z">(OCoLC)1081251365</subfield><subfield code="z">(OCoLC)1107368341</subfield><subfield code="z">(OCoLC)1114454766</subfield><subfield code="z">(OCoLC)1153501798</subfield><subfield code="z">(OCoLC)1202543244</subfield><subfield code="z">(OCoLC)1228546832</subfield><subfield code="z">(OCoLC)1259169730</subfield><subfield code="z">(OCoLC)1289516486</subfield><subfield code="z">(OCoLC)1313543692</subfield></datafield><datafield tag="043" ind1=" " ind2=" "><subfield code="a">d------</subfield></datafield><datafield tag="050" ind1=" " ind2="4"><subfield code="a">HG3881.5.I58</subfield><subfield code="b">W67 No. 12/274eb</subfield></datafield><datafield tag="072" ind1=" " ind2="7"><subfield code="a">BUS</subfield><subfield code="x">027000</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="082" ind1="7" ind2=" "><subfield code="a">332.152</subfield><subfield code="2">23</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">MAIN</subfield></datafield><datafield tag="245" ind1="0" ind2="0"><subfield code="a">Public investment in resource-abundant developing countries /</subfield><subfield code="c">Andrew Berg [and others].</subfield></datafield><datafield tag="260" ind1=" " ind2=" "><subfield code="a">[Washington, D.C.] :</subfield><subfield code="b">International Monetary Fund,</subfield><subfield code="c">©2012.</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 online resource (48 pages) :</subfield><subfield code="b">color illustrations</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="a">text</subfield><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="a">computer</subfield><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="a">online resource</subfield><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="340" ind1=" " ind2=" "><subfield code="g">polychrome.</subfield><subfield code="2">rdacc</subfield><subfield code="0">http://rdaregistry.info/termList/RDAColourContent/1003</subfield></datafield><datafield tag="347" ind1=" " ind2=" "><subfield code="a">data file</subfield></datafield><datafield tag="490" ind1="1" ind2=" "><subfield code="a">IMF working paper ;</subfield><subfield code="v">WP/12/274</subfield></datafield><datafield tag="500" ind1=" " ind2=" "><subfield code="a">Title from PDF title page (IMF Web site, viewed November 26, 2012).</subfield></datafield><datafield tag="500" ind1=" " ind2=" "><subfield code="a">"Research Department"--Page 2 of pdf</subfield></datafield><datafield tag="500" ind1=" " ind2=" "><subfield code="a">"November 2012"--Page 2 of pdf</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">"Natural resource revenues provide a valuable source to finance public investment in developing countries, which frequently face borrowing constraints and tax revenue mobilization problems. This paper develops a dynamic stochastic small open economy model to analyze the macroeconomic effects of investing natural resource revenues, making explicit the role of pervasive features in these countries including public investment inefficiency, absorptive capacity constraints, Dutch disease, and financing needs to sustain capital. Revenue exhaustibility raises medium-term issues of how to sustain capital built during a windfall, while revenue volatility raises short-term concerns about macroeconomic instability. Using the model, country applications show how combining public investment with a resource fund---a sustainable investing approach---can help address the macroeconomic problems associated with both exhaustibility and volatility. The applications also demonstrate how the model can be used to determine the appropriate magnitude of the investment scaling-up (accounting for the financing needs to sustain capital) and the adequate size of a stabilization fund (buffer)"--Abstract</subfield></datafield><datafield tag="504" ind1=" " ind2=" "><subfield code="a">Includes bibliographical references (pages 42-47).</subfield></datafield><datafield tag="505" ind1="0" ind2=" "><subfield code="a">Cover; Contents; I. Introduction; II. Model Setup; A Households; B Firms; C The Government; D Some Market Clearing Conditions and Identities; III. Equilibrium and Calibration; A The CEMAC Region; B Angola; IV. Investing with a short revenue horizon; A Saving in a SWF vs. Investing in Public Capital; B Sustaining Public Capital; C Endogenous Depreciation of Public Capital; D The Sustainable Investing Approach; E Development without the Windfall; V. Investing Volatile Resource Revenue; A The Sustainable Investing Approach to Managing Volatility.</subfield></datafield><datafield tag="505" ind1="8" ind2=" "><subfield code="a">B Allocation between Investing and External SavingVI. Conclusion; Tables; 1 Baseline Parameter Calibration; 2 Welfare Comparison with All-Investing; 3 Stabilization Effects of the Sustainable Investing Approach; Figures; 1 CEMAC application: saving in a SWF vs. all-investing; 2 CEMAC application: all-investing and sustaining public capital by fiscal Adjustments through consumption taxes or transfers; 3 CEMAC application with constant depreciation rate of public capital: Saving in a SWF vs. all-investing; 4 CEMAC application: sustainable investing approach.</subfield></datafield><datafield tag="505" ind1="8" ind2=" "><subfield code="a">5 CEMAC application: investing without a Resource Windfall6 Angola application: conservative vs. aggressive scaling-up under sustainable investing; 7 Angola application: conservative vs. aggressive scaling-up With constant depreciation rate; Appendix I: Equilibrium and Optimality Conditions; References.</subfield></datafield><datafield tag="546" ind1=" " ind2=" "><subfield code="a">English.</subfield></datafield><datafield tag="650" ind1=" " ind2="0"><subfield code="a">Public investments</subfield><subfield code="z">Developing countries</subfield><subfield code="x">Finance</subfield><subfield code="x">Econometric models.</subfield></datafield><datafield tag="650" ind1=" " ind2="0"><subfield code="a">Natural resources</subfield><subfield code="z">Developing countries.</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">BUSINESS & ECONOMICS</subfield><subfield code="x">Finance.</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Natural resources</subfield><subfield code="2">fast</subfield></datafield><datafield tag="651" ind1=" " ind2="7"><subfield code="a">Developing countries</subfield><subfield code="2">fast</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Berg, Andrew.</subfield><subfield code="0">http://id.loc.gov/authorities/names/no95020783</subfield></datafield><datafield tag="710" ind1="2" ind2=" "><subfield code="a">International Monetary Fund.</subfield><subfield code="b">Research Department.</subfield><subfield code="0">http://id.loc.gov/authorities/names/n77001219</subfield></datafield><datafield tag="758" ind1=" " ind2=" "><subfield code="i">has work:</subfield><subfield code="a">Public investment in resource-abundant developing countries (Text)</subfield><subfield code="1">https://id.oclc.org/worldcat/entity/E39PCGxxmBwDHGG6KpkHcH9cvb</subfield><subfield code="4">https://id.oclc.org/worldcat/ontology/hasWork</subfield></datafield><datafield tag="776" ind1=" " ind2=" "><subfield code="z">1-4755-7051-1</subfield></datafield><datafield tag="776" ind1=" " ind2=" "><subfield code="z">1-4755-3556-2</subfield></datafield><datafield tag="830" ind1=" " ind2="0"><subfield code="a">IMF working paper ;</subfield><subfield code="v">WP/12/274.</subfield><subfield code="0">http://id.loc.gov/authorities/names/no89010263</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="l">FWS01</subfield><subfield code="p">ZDB-4-EBU</subfield><subfield code="q">FWS_PDA_EBU</subfield><subfield code="u">https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=520716</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">EBL - Ebook Library</subfield><subfield code="b">EBLB</subfield><subfield code="n">EBL1607066</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">ebrary</subfield><subfield code="b">EBRY</subfield><subfield code="n">ebr10644326</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">EBSCOhost</subfield><subfield code="b">EBSC</subfield><subfield code="n">520716</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">ProQuest MyiLibrary Digital eBook Collection</subfield><subfield code="b">IDEB</subfield><subfield code="n">cis24556510</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">YBP Library Services</subfield><subfield code="b">YANK</subfield><subfield code="n">9975277</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">YBP Library Services</subfield><subfield code="b">YANK</subfield><subfield code="n">11306026</subfield></datafield><datafield tag="994" ind1=" " ind2=" "><subfield code="a">92</subfield><subfield code="b">GEBAY</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-4-EBU</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-863</subfield></datafield></record></collection> |
| geographic | Developing countries fast |
| geographic_facet | Developing countries |
| id | ZDB-4-EBU-ocn819355356 |
| illustrated | Illustrated |
| indexdate | 2024-07-16T15:03:52Z |
| institution | BVB |
| institution_GND | http://id.loc.gov/authorities/names/n77001219 |
| isbn | 9781475549829 1475549822 1475569963 9781475569964 1283947897 9781283947893 |
| language | English |
| oclc_num | 819355356 |
| open_access_boolean | |
| owner | MAIN DE-863 DE-BY-FWS |
| owner_facet | MAIN DE-863 DE-BY-FWS |
| physical | 1 online resource (48 pages) : color illustrations |
| psigel | ZDB-4-EBU |
| publishDate | 2012 |
| publishDateSearch | 2012 |
| publishDateSort | 2012 |
| publisher | International Monetary Fund, |
| record_format | marc |
| series | IMF working paper ; |
| series2 | IMF working paper ; |
| spelling | Public investment in resource-abundant developing countries / Andrew Berg [and others]. [Washington, D.C.] : International Monetary Fund, ©2012. 1 online resource (48 pages) : color illustrations text txt rdacontent computer c rdamedia online resource cr rdacarrier polychrome. rdacc http://rdaregistry.info/termList/RDAColourContent/1003 data file IMF working paper ; WP/12/274 Title from PDF title page (IMF Web site, viewed November 26, 2012). "Research Department"--Page 2 of pdf "November 2012"--Page 2 of pdf "Natural resource revenues provide a valuable source to finance public investment in developing countries, which frequently face borrowing constraints and tax revenue mobilization problems. This paper develops a dynamic stochastic small open economy model to analyze the macroeconomic effects of investing natural resource revenues, making explicit the role of pervasive features in these countries including public investment inefficiency, absorptive capacity constraints, Dutch disease, and financing needs to sustain capital. Revenue exhaustibility raises medium-term issues of how to sustain capital built during a windfall, while revenue volatility raises short-term concerns about macroeconomic instability. Using the model, country applications show how combining public investment with a resource fund---a sustainable investing approach---can help address the macroeconomic problems associated with both exhaustibility and volatility. The applications also demonstrate how the model can be used to determine the appropriate magnitude of the investment scaling-up (accounting for the financing needs to sustain capital) and the adequate size of a stabilization fund (buffer)"--Abstract Includes bibliographical references (pages 42-47). Cover; Contents; I. Introduction; II. Model Setup; A Households; B Firms; C The Government; D Some Market Clearing Conditions and Identities; III. Equilibrium and Calibration; A The CEMAC Region; B Angola; IV. Investing with a short revenue horizon; A Saving in a SWF vs. Investing in Public Capital; B Sustaining Public Capital; C Endogenous Depreciation of Public Capital; D The Sustainable Investing Approach; E Development without the Windfall; V. Investing Volatile Resource Revenue; A The Sustainable Investing Approach to Managing Volatility. B Allocation between Investing and External SavingVI. Conclusion; Tables; 1 Baseline Parameter Calibration; 2 Welfare Comparison with All-Investing; 3 Stabilization Effects of the Sustainable Investing Approach; Figures; 1 CEMAC application: saving in a SWF vs. all-investing; 2 CEMAC application: all-investing and sustaining public capital by fiscal Adjustments through consumption taxes or transfers; 3 CEMAC application with constant depreciation rate of public capital: Saving in a SWF vs. all-investing; 4 CEMAC application: sustainable investing approach. 5 CEMAC application: investing without a Resource Windfall6 Angola application: conservative vs. aggressive scaling-up under sustainable investing; 7 Angola application: conservative vs. aggressive scaling-up With constant depreciation rate; Appendix I: Equilibrium and Optimality Conditions; References. English. Public investments Developing countries Finance Econometric models. Natural resources Developing countries. BUSINESS & ECONOMICS Finance. bisacsh Natural resources fast Developing countries fast Berg, Andrew. http://id.loc.gov/authorities/names/no95020783 International Monetary Fund. Research Department. http://id.loc.gov/authorities/names/n77001219 has work: Public investment in resource-abundant developing countries (Text) https://id.oclc.org/worldcat/entity/E39PCGxxmBwDHGG6KpkHcH9cvb https://id.oclc.org/worldcat/ontology/hasWork 1-4755-7051-1 1-4755-3556-2 IMF working paper ; WP/12/274. http://id.loc.gov/authorities/names/no89010263 FWS01 ZDB-4-EBU FWS_PDA_EBU https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=520716 Volltext |
| spellingShingle | Public investment in resource-abundant developing countries / IMF working paper ; Cover; Contents; I. Introduction; II. Model Setup; A Households; B Firms; C The Government; D Some Market Clearing Conditions and Identities; III. Equilibrium and Calibration; A The CEMAC Region; B Angola; IV. Investing with a short revenue horizon; A Saving in a SWF vs. Investing in Public Capital; B Sustaining Public Capital; C Endogenous Depreciation of Public Capital; D The Sustainable Investing Approach; E Development without the Windfall; V. Investing Volatile Resource Revenue; A The Sustainable Investing Approach to Managing Volatility. B Allocation between Investing and External SavingVI. Conclusion; Tables; 1 Baseline Parameter Calibration; 2 Welfare Comparison with All-Investing; 3 Stabilization Effects of the Sustainable Investing Approach; Figures; 1 CEMAC application: saving in a SWF vs. all-investing; 2 CEMAC application: all-investing and sustaining public capital by fiscal Adjustments through consumption taxes or transfers; 3 CEMAC application with constant depreciation rate of public capital: Saving in a SWF vs. all-investing; 4 CEMAC application: sustainable investing approach. 5 CEMAC application: investing without a Resource Windfall6 Angola application: conservative vs. aggressive scaling-up under sustainable investing; 7 Angola application: conservative vs. aggressive scaling-up With constant depreciation rate; Appendix I: Equilibrium and Optimality Conditions; References. Public investments Developing countries Finance Econometric models. Natural resources Developing countries. BUSINESS & ECONOMICS Finance. bisacsh Natural resources fast |
| title | Public investment in resource-abundant developing countries / |
| title_auth | Public investment in resource-abundant developing countries / |
| title_exact_search | Public investment in resource-abundant developing countries / |
| title_full | Public investment in resource-abundant developing countries / Andrew Berg [and others]. |
| title_fullStr | Public investment in resource-abundant developing countries / Andrew Berg [and others]. |
| title_full_unstemmed | Public investment in resource-abundant developing countries / Andrew Berg [and others]. |
| title_short | Public investment in resource-abundant developing countries / |
| title_sort | public investment in resource abundant developing countries |
| topic | Public investments Developing countries Finance Econometric models. Natural resources Developing countries. BUSINESS & ECONOMICS Finance. bisacsh Natural resources fast |
| topic_facet | Public investments Developing countries Finance Econometric models. Natural resources Developing countries. BUSINESS & ECONOMICS Finance. Natural resources Developing countries |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=520716 |
| work_keys_str_mv | AT bergandrew publicinvestmentinresourceabundantdevelopingcountries AT internationalmonetaryfundresearchdepartment publicinvestmentinresourceabundantdevelopingcountries |