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Appendix 4. Calculation of the Sustainable Non-Oil Deficit »
Source: Managing Oil Wealth : The Case of Azerbaijan
Series: IMF Special Issues
Author(s): Niko Hobdari , Eric Le Borgne , Chonira Aturupane , Koba Gvenetadze , John Wakeman-Linn , and Stephan Danninger
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 21 April 2004
ISBN: 9781589063082
Keywords: expenditure, expenditures, oil and gas, gas, natural resource
The paper discusses two long-term strategies for the use of oil assets. The first is based on a fixed expenditure rule, which—together with a permanent financing condition constrain...
Appendix 1. Oil and Economic Development in Indonesia14 »
Source: Managing Oil Wealth : The Case of Azerbaijan
Series: IMF Special Issues
Author(s): Niko Hobdari , Eric Le Borgne , Chonira Aturupane , Koba Gvenetadze , John Wakeman-Linn , and Stephan Danninger
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 21 April 2004
ISBN: 9781589063082
Keywords: expenditure, expenditures, oil and gas, gas, natural resource
Indonesia’s oil industry is one of the world’s oldest. Indonesia ranks fifteenth among world oil producers, with about 2.4 percent of world oil production. The country has a mixed e...
Appendix 3. Oil and Economic Development in Mexico16 »
Source: Managing Oil Wealth : The Case of Azerbaijan
Series: IMF Special Issues
Author(s): Niko Hobdari , Eric Le Borgne , Chonira Aturupane , Koba Gvenetadze , John Wakeman-Linn , and Stephan Danninger
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 21 April 2004
ISBN: 9781589063082
Keywords: expenditure, expenditures, oil and gas, gas, natural resource
Mexico is the world’s fifth largest oil producer and its tenth largest oil exporter. Mexico began to export oil in 1911, and its oil output expanded at an average annual rate of 6 p...
Appendix 2. Oil and Economic Development in Nigeria15 »
Source: Managing Oil Wealth : The Case of Azerbaijan
Series: IMF Special Issues
Author(s): Niko Hobdari , Eric Le Borgne , Chonira Aturupane , Koba Gvenetadze , John Wakeman-Linn , and Stephan Danninger
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 21 April 2004
ISBN: 9781589063082
Keywords: expenditure, expenditures, oil and gas, gas, natural resource
Nigeria has an abundance of hydrocarbon resources. It is the thirteenth largest oil producer in the world, the third largest oil producer in Africa, and the most prolific oil produc...
Chapter 6. Conclusion »
Source: Managing Oil Wealth : The Case of Azerbaijan
Series: IMF Special Issues
Author(s): Niko Hobdari , Eric Le Borgne , Chonira Aturupane , Koba Gvenetadze , John Wakeman-Linn , and Stephan Danninger
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 21 April 2004
ISBN: 9781589063082
Keywords: expenditure, expenditures, oil and gas, gas, natural resource
In the near future, Azerbaijan is expected to benefit from a substantial, but short-lived, oil- and gas-related revenue windfall. Even under conservative assumptions, revenues accruing to the country are exp...
Chapter 3. Country Experiences with Managing Natural Resource Windfalls »
Source: Managing Oil Wealth : The Case of Azerbaijan
Series: IMF Special Issues
Author(s): Niko Hobdari , Eric Le Borgne , Chonira Aturupane , Koba Gvenetadze , John Wakeman-Linn , and Stephan Danninger
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 21 April 2004
ISBN: 9781589063082
Keywords: expenditure, expenditures, oil and gas, gas, natural resource
It is ironic that what should be a blessing has often turned into a curse. A natural resource boom, effectively managed, should provide a country with the resources to finance essential economic reforms, inc...
Chapter 2. Economic Theory and Natural Resource Booms »
Source: Managing Oil Wealth : The Case of Azerbaijan
Series: IMF Special Issues
Author(s): Niko Hobdari , Eric Le Borgne , Chonira Aturupane , Koba Gvenetadze , John Wakeman-Linn , and Stephan Danninger
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 21 April 2004
ISBN: 9781589063082
Keywords: expenditure, expenditures, oil and gas, gas, natural resource
Studies of experiences of countries rich in exhaustible natural resources reveal that natural-resource-driven booms have often led to deterioration in macroeconomic performance and uneven development of indu...
Chapter 1. Introduction »
Source: Managing Oil Wealth : The Case of Azerbaijan
Series: IMF Special Issues
Author(s): Niko Hobdari , Eric Le Borgne , Chonira Aturupane , Koba Gvenetadze , John Wakeman-Linn , and Stephan Danninger
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 21 April 2004
ISBN: 9781589063082
Keywords: expenditure, expenditures, oil and gas, gas, natural resource
Azerbaijan has a substantial endowment of oil and gas deposits, estimated to be the third largest in the Caspian region. Oil production in Azerbaijan is projected to increase sharply starting in 2005, and to...
Chapter 5. Strategy for Managing Oil Wealth »
Source: Managing Oil Wealth : The Case of Azerbaijan
Series: IMF Special Issues
Author(s): Niko Hobdari , Eric Le Borgne , Chonira Aturupane , Koba Gvenetadze , John Wakeman-Linn , and Stephan Danninger
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 21 April 2004
ISBN: 9781589063082
Keywords: expenditure, expenditures, oil and gas, gas, natural resource
With this significant asset stock, the key challenge for the government will be to strike the right balance between current expenditures and conserving assets for future generations. The government’s decisio...
Chapter 4. The Oil Sector in Azerbaijan »
Source: Managing Oil Wealth : The Case of Azerbaijan
Series: IMF Special Issues
Author(s): Niko Hobdari , Eric Le Borgne , Chonira Aturupane , Koba Gvenetadze , John Wakeman-Linn , and Stephan Danninger
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 21 April 2004
ISBN: 9781589063082
Keywords: expenditure, expenditures, oil and gas, gas, natural resource
Azerbaijan has a rich natural resource endowment and a long history of oil and gas exploration. Oil and gas reserves in the country are estimated to be the third largest in the Caspian region....