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Public Budget in Resource-Rich Economies

Public Budget in Resource-Rich Economies


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About the Book

Seminar paper from the year 2012 in the subject Economics - Finance, grade: 1,3, Frankfurt School of Finance & Management, course: Public Finance - Finanzwissenschaften, language: English, abstract: The objective of this paper is to examine how public expenditures, revenue and debt in resource-rich economies changed in the past, how politicians and bureaucrats respond(ed) to resource abundance, and how an optimal budget rule for resource-rich economies should be designed. The paper follows a non-technical approach and comes to the conclusion that the successful management of resource revenues highly depends on the political situation in an economy as this determines how well it sticks to any budget rule. The budget rule presented in section IV approaches the different parameters which are at play and shows challenges regarding the rule's practical feasibility.


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Product Details
  • ISBN-13: 9783656406037
  • Publisher: Grin Publishing
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Spine Width: 2 mm
  • Weight: 95 gr
  • ISBN-10: 3656406030
  • Publisher Date: 15 Apr 2013
  • Height: 210 mm
  • No of Pages: 24
  • Series Title: English
  • Sub Title: Managing Oil Revenues Well
  • Width: 148 mm


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