Economic Principles for Resource Revenue Management

Author:Anthony J. Venables - Samuel Wills
Position::Oxford Centre for the Analysis of Resource Rich Economics, Department of Economics, University of Oxford

This article explores strategies for managing revenue from natural resources, focusing on the balance between domestic and foreign asset accumulation. It suggests that domestic asset accumulation is the priority, while there are three motives for accumulating foreign assets: inter-generational transfer, parking funds, and stabilization. The paper argues that the first of these is inappropriate... (see full summary)

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