Resource windfalls and public debt: the role of political myopia

Resource windfalls and public debt: the role of political myopia

We identify an adverse consequence of natural resource windfalls, which is partic-ularly detrimental in advanced democracies. We construct a political economy modelwith endogenous public debt under exogenous resource windfall shocks, in which po-litical myopia results from reelection prospects. Reel...

Полное описание

Библиографические подробности
Главные авторы:	Raveh, O, Tsur, Y
Формат:	Working paper
Опубликовано:	University of Oxford 2018

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