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dc.contributor.authorPerry, Guillermoes
dc.contributor.authorBustos, Sebastiánes
dc.contributor.authorHo, Sui-jadees
dc.date.accessioned2014-10-15T20:04:13Z
dc.date.available2014-10-15T20:04:13Z
dc.date.issued2011es
dc.identifier.citationPerry, G., Bustos, S., & Ho, S. (2011). What do non-renewable natural resource rich countries do with their rents? CAF Working paper, 2011/06, Caracas: CAF. Retrieved from http://scioteca.caf.com/handle/123456789/221en
dc.identifier.urihttp://scioteca.caf.com/handle/123456789/221
dc.description.tableofcontentsThis paper examines three sets of questions related to the use of non-renewable natural resource rents: (1) To what extent countries rich in non-renewable natural resources use such rents to increase present consumption or investment or save them through net increases in foreign assets (or reduction of net foreign liabilities)? (2) To what extent countries tax them and how do they use such fiscal revenues: whether to increase public expenditures (and in particular public investment in infrastructure and human capital formation), reduce taxes on other activities (and become fiscally dependent on their natural resource wealth) or net public debt? (3) To what extent countries rich in non-renewable natural resources have less efficient and more volatile and pro cyclical public expenditures? Additionally, we examine if these effects on macro and fiscal performance depend on the countries level of development and quality of institutions, as theory suggests.en_US
dc.language.isoenges
dc.publisherCAFes
dc.relation.ispartofseriesCAF Working paper, 2011/06es
dc.rightsCC-BY-NCes_ES
dc.rights.urihttp://creativecommons.org/licenses/by-nc/4.0/es_ES
dc.subjectRecursos naturaleses
dc.subjectEconomíaes
dc.subjectFortalecimiento institucionales
dc.subjectInvestigación socioeconómicaes
dc.subjectDesarrolloes
dc.titleWhat do non-renewable natural resource rich countries do with their rents?es
dc.typeworkingPaperes
dc.publisher.cityCaracases


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