Reverse Causality between Oil Policy and Fiscal Policy? The Venezuelan Experience

Reverse Causality between Oil Policy and Fiscal Policy? The Venezuelan Experience

This paper uses a model of intergenerational accounting to simulate the intergenerational distribution of oil wealth in Venezuela. Venezuelan oil production does not seem to follow an optimal extraction path. Nevertheless, this is true if we do not consider what the government does with the resource...

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Bibliographic Details
Main Authors: Osmel Manzano, Jose Luis Saboin
Format: Article
Language:English
Published: MDPI AG 2021-04-01
Series:Energies
Subjects:
oil policy
fiscal policy
intergenerational accounting
fiscal voracity
oil expropriation cycles
Venezuela
Online Access:https://www.mdpi.com/1996-1073/14/9/2574

Internet

https://www.mdpi.com/1996-1073/14/9/2574

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