Source: Management of Oil Wealth Under the Permanent Income Hypothesis : The Case of São Tomé and Príncipe
Series: IMF Working Papers
Author(s): Alonso Segura Vasi
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 2006
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'...