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Addressing the Natural Resource Curse
			: An Illustration From Nigeria

Addressing the Natural Resource Curse : An Illustration From Nigeria »

Volume/Issue: 2003/139

Series: IMF Working Papers

Author(s): Arvind Subramanian , and Xavier Sala-i-Martin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2003

DOI: http://dx.doi.org/10.5089/9781451856064.001

ISBN: 9781451856064

Keywords: institutions, growth, natural resource, oil revenues, oil prices, natural gas, Economywide Country Studies: Africa, Comparative Studies of Countries, Economic Growth and Aggregate Productivity, Economywide Country Studies,

Some natural resources-oil and minerals in particular-exert a negative and nonlinear impact on growth via their deleterious impact on institutional quality. We show this result to be very robust. The Nigerian exper...

How Much Is Enough? Monte Carlo Simulations of an Oil Stabilization Fund for Nigeria

How Much Is Enough? Monte Carlo Simulations of an Oil Stabilization Fund for Nigeria »

Source: How Much Is Enough? Monte Carlo Simulations of an Oil Stabilization Fund for Nigeria

Volume/Issue: 2006/142

Series: IMF Working Papers

Author(s): Ulrich Bartsch

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2006

ISBN: 9781451864021

Keywords: Oil stabilization fund, Monte Carlo simulation, fiscal policy, fiscal spending, government spending, government revenue, Macroeconomics: Consumption, Saving, Production, Employment

In oil-dependent countries, a major issue is how to stabilize fiscal spending when government revenue fluctuates along with the international price of oil. A stabilization fund would allow the government to pull th...

Political Economy of Oil-Revenue Sharing in a Developing Country
			: Illustrations from Nigeria

Political Economy of Oil-Revenue Sharing in a Developing Country : Illustrations from Nigeria »

Volume/Issue: 2003/16

Series: IMF Working Papers

Author(s): Ehtisham Ahmad , and Raju Singh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2003

DOI: http://dx.doi.org/10.5089/9781451843422.001

ISBN: 9781451843422

Keywords: Keyword:Intergovernmental Fiscal Relations, local governments, oil revenues, oil prices, oil production, oil producing, State and Local Government,

Control over natural resource revenues is a contentious, politically divisive issue in most developing countries-especially for oil production. A typical policy response of the center in such cases has been to intr...

How Much Is Enough? Monte Carlo Simulations of an Oil Stabilization Fund for Nigeria

How Much Is Enough? Monte Carlo Simulations of an Oil Stabilization Fund for Nigeria »

Volume/Issue: 2006/142

Series: IMF Working Papers

Author(s): Ulrich Bartsch

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2006

DOI: http://dx.doi.org/10.5089/9781451864021.001

ISBN: 9781451864021

Keywords: Oil stabilization fund, Monte Carlo simulation, fiscal policy, fiscal spending, government spending, government revenue, Macroeconomics: Consumption, Saving, Production, Employment

In oil-dependent countries, a major issue is how to stabilize fiscal spending when government revenue fluctuates along with the international price of oil. A stabilization fund would allow the government to pull th...

Addressing the Natural Resource Curse

Addressing the Natural Resource Curse »

Source: Addressing the Natural Resource Curse : An Illustration From Nigeria

Volume/Issue: 2003/139

Series: IMF Working Papers

Author(s): Arvind Subramanian , and Xavier Sala-i-Martin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2003

ISBN: 9781451856064

Keywords: institutions, growth, natural resource, oil revenues, oil prices, natural gas, Economywide Country Studies: Africa, Comparative Studies of Countries, Economic Growth and Aggregate Productivity, Economywide Country Studies,

Some natural resources-oil and minerals in particular-exert a negative and nonlinear impact on growth via their deleterious impact on institutional quality. We show this result to be very robust. The Nigerian exper...

Political Economy of Oil-Revenue Sharing in a Developing Country

Political Economy of Oil-Revenue Sharing in a Developing Country »

Source: Political Economy of Oil-Revenue Sharing in a Developing Country : Illustrations from Nigeria

Volume/Issue: 2003/16

Series: IMF Working Papers

Author(s): Ehtisham Ahmad , and Raju Singh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2003

ISBN: 9781451843422

Keywords: Keyword:Intergovernmental Fiscal Relations, local governments, oil revenues, oil prices, oil production, oil producing, State and Local Government,

Control over natural resource revenues is a contentious, politically divisive issue in most developing countries-especially for oil production. A typical policy response of the center in such cases has been to intr...

Inter-sectoral Linkages and Local Content in Extractive Industries and Beyond - The Case of S�o Tom� and Pr�ncipe

Inter-sectoral Linkages and Local Content in Extractive Industries and Beyond - The Case of S�o Tom� and Pr�ncipe »

Source: Inter-sectoral Linkages and Local Content in Extractive Industries and Beyond - The Case of São Tomé and Príncipe

Volume/Issue: 2007/213

Series: IMF Working Papers

Author(s): Alonso Segura Vasi , Walter Zarate , Gonzalo Pastor , and Ulrich Klueh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2007

ISBN: 9781451867770

Keywords: Local content, Industrial policies, Input-Output tables, oil and gas, oil industry, oil companies, Input-Output Models, General Aggregative Models: Forecasting and Simulation, Macroeconomics: Consumption, Saving

This paper attempts to offer specific inputs to the debate on local content promotion in the oil industry, using the specific case of São Tomé and Príncipe as point of reference. Our approach emphasizes inter-secto...

Management of Oil Wealth Under the Permanent Income Hypothesis

Management of Oil Wealth Under the Permanent Income Hypothesis »

Source: Management of Oil Wealth Under the Permanent Income Hypothesis : The Case of São Tomé and Príncipe

Volume/Issue: 2006/183

Series: IMF Working Papers

Author(s): Alonso Segura Vasi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2006

ISBN: 9781451864434

Keywords: S&;amp;#x00E3;o Tom&;amp;#x00E9; and Pr&;amp;#x00ED;ncipe, permanent income hypothesis, oil production, oil prices, Sao Tome and Principe,

This paper documents the protracted process of shaping the rules governing oil operations in São Tomé and Príncipe. It analyzes the institutional framework for oil sector development, which applies Milton Friedman'...

Old Curses, New Approaches? Fiscal Benchmarks for Oil-Producing Countries in Sub-Saharan Africa

Old Curses, New Approaches? Fiscal Benchmarks for Oil-Producing Countries in Sub-Saharan Africa »

Source: Old Curses, New Approaches? Fiscal Benchmarks for Oil-Producing Countries in Sub-Saharan Africa

Volume/Issue: 2007/107

Series: IMF Working Papers

Author(s): Jan-Peter Olters

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2007

ISBN: 9781451866711

Keywords: Oil reserves, sustainability, oil production, oil and gas, gas reserves, National Deficit Surplus, Fiscal and Monetary Policy in Development,

Buoyant oil prices have allowed oil-producing countries in sub-Saharan Africa (SSA OPCs) to increase oil exports and fiscal revenues, providing them with resources necessary to address the pressing social needs. To...

Can the Natural Resource Curse Be Turned Into a Blessing? The Role of Trade Policies and Institutions1

Can the Natural Resource Curse Be Turned Into a Blessing? The Role of Trade Policies and Institutions1 »

Source: Can the Natural Resource Curse Be Turned Into a Blessing? The Role of Trade Policies and Institutions

Volume/Issue: 2007/55

Series: IMF Working Papers

Author(s): Rabah Arezki , and Frederik van der Ploeg

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2007

ISBN: 9781451866193

Keywords: Resource curse, institutions, trade policies, growth performance, income per capita, natural resource, natural resource curse, natural resource revenues, natural resources, natural resource abundance

We criticize existing empirical results on the detrimental effects of natural resource dependence on the rate of economic growth after controlling for institutional quality, openness, and initial income. These resu...