1.

Record Nr.

UNINA9910810283103321

Autore

Davis Jeffrey

Titolo

Fiscal Policy Formulation and Implementation in Oil-Producing Countries / / Jeffrey Davis, Annalisa Fedelino, Rolando Ossowski

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2003

ISBN

1-4552-2468-5

1-4527-4631-1

1-283-53406-1

9786613846518

1-4519-8080-9

Edizione

[1st ed.]

Descrizione fisica

1 online resource (494 p.)

Collana

Books

Altri autori (Persone)

FedelinoAnnalisa

OssowskiRolando

Disciplina

339.5/2

Soggetti

Petroleum industry and trade

Petroleum products - Prices

Petroleum - Taxation

Fiscal policy

Business Taxes and Subsidies

Commodities

Deflation

Energy: Demand and Supply

Energy: General

Environmental management

Expenditure

Expenditures, Public

Fiscal Policy

Industries: Energy

Inflation

Investment & securities

Investments: Energy

Macroeconomics

National Government Expenditures and Related Policies: General

Natural Resources

Natural resources

Oil prices

Oil

Oil, gas and mining taxes

Petroleum, oil & gas industries



Price Level

Prices

Public finance & taxation

Public Finance

Taxation

Taxes

Azerbaijan, Republic of

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

""Contents""; ""Foreword""; ""Acknowledgments""; ""1 Fiscal Challenges in Oil-Producing Countries: An Overview""; ""Part I. Determining Fiscal Policy in Oil-Producing Countries""; ""2 An Alternative Interpretation of the “Resource Curse�: Theory and Policy Implications""; ""3 Operational Aspects of Fiscal Policy in Oil-Producing Countries""; ""4 The Political Economy of Fiscal Policy and Economic Management in Oil-Exporting Countries""; ""5 Statistical Properties of Oil Prices: Implications for Calculating Government Wealth""; ""Part II. Dealing with Oil Revenue""

""6 Revenue from the Oil and Gas Sector: Issues and Country Experience""""7 National Oil Companies: Evolution, Issues, Outlook""; ""8 The Assignment of Oil Tax Revenue""; ""9 Oil Revenue Assignments: Country Experiences and Issues""; ""10 Oil Revenue and Fiscal Federalism""; ""Part III. Institutional Arrangements for Dealing with Oil Revenue Instability""; ""11 Stabilization and Savings Funds for Nonrenewable Resources: Experience and Fiscal Policy Implications""; ""12 Fiscal Policy and Petroleum Fund Management in Norway""; ""13 Oil Funds in Transition Economies: Azerbaijan and Kazakhstan""

""14 Hedging Government Oil Price Risk""""Part IV. Designing Policies for Domestic Petroleum Pricing""; ""15 Issues in Domestic Petroleum Pricing in Oil- Producing Countries""; ""16 The Impact of Gasoline Price Subsidies on the Government and the National Oil Company""; ""17 Domestic Petroleum Price Smoothing in Developing and Transition Countries""; ""18 Energy Sector Quasi-Fiscal Activities in the Countries of the Former Soviet Union""; ""Contributors""

Sommario/riassunto

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.