Fiscal Policy Formulation and Implementation in Oil-Producing Countries

Fiscal Policy Formulation and Implementation in Oil-Producing Countries
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Series:
Books
Author(s):
Jeffrey Davis, Annalisa Fedelino, and Rolando Ossowski
Publisher:
INTERNATIONAL MONETARY FUND
Published Date:
August 2003
DOI:
http://dx.doi.org/10.5089/9781589061750.071
ISBN:
9781589061750
Page:
492
Countries with large oil resources can benefit substantially from them. However, despite their huge natural resources, many oil producers have had disappointing growth, widespread poverty, and continuing vulnerability to oil price and other external shocks. Fiscal policy can play a central role indetermining the extent to which a country benefits from its oil wealth. This book brings together studies that provide analysis and findings on fiscal policy issues in oil-producing countries from a diverse international perspective. A key focus for the authors is how to manage oil resources in a way that contributes to a stable macroeconomic environment, sustainable growth, and poverty reduction.
Fiscal Policy Formulation and Implementation in Oil-Producing Countries
Chapter

Part I. Determining Fiscal Policy in Oil-Producing Countries

Author(s):
Jeffrey Davis, Annalisa Fedelino, and Rolando Ossowski
Published Date:
August 2003
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