Resource rents; when to spend and how to save.
Countries with substantial revenues from renewable resources face a complex range of revenue management issues. What is the optimal time profile of consumption from the revenue, and how much should be saved? Should saving be invested in foreign funds or in the domestic economy? How does government p...
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| Format: | Journal article |
| Language: | English |
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Springer Netherlands
2010
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| _version_ | 1826283264416940032 |
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| author | Venables, A |
| author_facet | Venables, A |
| author_sort | Venables, A |
| collection | OXFORD |
| description | Countries with substantial revenues from renewable resources face a complex range of revenue management issues. What is the optimal time profile of consumption from the revenue, and how much should be saved? Should saving be invested in foreign funds or in the domestic economy? How does government policy influence the private sector, where sustainable growth in the domestic economy must ultimately be generated? This paper develops the issues in a simple two-period model, and argues that analysis must go well beyond the simple permanent income approach sometimes recommended. |
| first_indexed | 2024-03-07T00:56:17Z |
| format | Journal article |
| id | oxford-uuid:883385cc-606c-4a80-8174-16e18f17f503 |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-07T00:56:17Z |
| publishDate | 2010 |
| publisher | Springer Netherlands |
| record_format | dspace |
| spelling | oxford-uuid:883385cc-606c-4a80-8174-16e18f17f5032022-03-26T22:15:30ZResource rents; when to spend and how to save.Journal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:883385cc-606c-4a80-8174-16e18f17f503EnglishDepartment of Economics - ePrintsSpringer Netherlands2010Venables, ACountries with substantial revenues from renewable resources face a complex range of revenue management issues. What is the optimal time profile of consumption from the revenue, and how much should be saved? Should saving be invested in foreign funds or in the domestic economy? How does government policy influence the private sector, where sustainable growth in the domestic economy must ultimately be generated? This paper develops the issues in a simple two-period model, and argues that analysis must go well beyond the simple permanent income approach sometimes recommended. |
| spellingShingle | Venables, A Resource rents; when to spend and how to save. |
| title | Resource rents; when to spend and how to save. |
| title_full | Resource rents; when to spend and how to save. |
| title_fullStr | Resource rents; when to spend and how to save. |
| title_full_unstemmed | Resource rents; when to spend and how to save. |
| title_short | Resource rents; when to spend and how to save. |
| title_sort | resource rents when to spend and how to save |
| work_keys_str_mv | AT venablesa resourcerentswhentospendandhowtosave |