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035   $a(PQKBTitleCode)TC0000942109
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035   $a(IMF)WPIEE2006183
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100   $a20020129d2006      uf         0
101 0 $aeng
135   $aur|n|---|||||
181   $ctxt
182   $cc
183   $acr
200 10$aManagement of Oil Wealth Under the Permanent Income Hypothesis : $eThe Case of São Tomé and Príncipe /$fAlonso Segura Vasi
205   $a1st ed.
210  1$aWashington, D.C. :$cInternational Monetary Fund,$d2006.
215   $a1 online resource (34 p.)
225 1 $aIMF Working Papers
300   $a"July 2006".
311   $a1-4518-6443-4 
320   $aIncludes bibliographical references.
327   $a""Contents""; ""I. INTRODUCTION""; ""II. GEOGRAPHICAL""; ""III. OIL SECTOR INSTITUTIONAL FRAMEWORK""; ""IV. LICENSING""; ""V. FISCAL RULES""; ""VI. APPLICATION""; ""VII. SENSITIVITY ANALYSIS""; ""VIII. SIMULATING PER CAPITA PIH""; ""IX. CONCLUSIONS""; ""APPENDIXES""; ""REFERENCES""
330 3 $aThis paper documents the protracted process of shaping the rules governing oil operations in São Tomé and Príncipe. It analyzes the institutional framework for oil sector development, which applies Milton Friedman's permanent income hypothesis to the management of oil resources. São Tomé and Príncipe is the first country in Africa to adopt this rule. Finally, the paper offers a preliminary quantitative analysis of the impact of oil sector development on government consumption and savings. It shows that the country's oil wealth could be significant, which would enable sustainable government consumption and intergenerational equity through a gradual buildup of the Permanent Fund for Future Generations.
410  0$aIMF Working Papers; Working Paper ;$vNo. 2006/183
606   $aIncome$zSao Tome and Principe
606   $aConsumption (Economics)$zSao Tome and Principe
606   $aInvestments: Energy$2imf
606   $aMacroeconomics$2imf
606   $aTaxation$2imf
606   $aIndustries: Energy$2imf
606   $aEnergy: General$2imf
606   $aBusiness Taxes and Subsidies$2imf
606   $aMacroeconomics: Production$2imf
606   $aEnergy: Demand and Supply$2imf
606   $aPrices$2imf
606   $aMacroeconomics: Consumption$2imf
606   $aSaving$2imf
606   $aWealth$2imf
606   $aInvestment & securities$2imf
606   $aPublic finance & taxation$2imf
606   $aPetroleum, oil & gas industries$2imf
606   $aOil$2imf
606   $aOil, gas and mining taxes$2imf
606   $aOil production$2imf
606   $aOil prices$2imf
606   $aGovernment consumption$2imf
606   $aPetroleum industry and trade$2imf
606   $aConsumption$2imf
606   $aEconomics$2imf
607   $aSão Tomé and Príncipe, Democratic Republic of$2imf
615  0$aIncome
615  0$aConsumption (Economics)
615  7$aInvestments: Energy
615  7$aMacroeconomics
615  7$aTaxation
615  7$aIndustries: Energy
615  7$aEnergy: General
615  7$aBusiness Taxes and Subsidies
615  7$aMacroeconomics: Production
615  7$aEnergy: Demand and Supply
615  7$aPrices
615  7$aMacroeconomics: Consumption
615  7$aSaving
615  7$aWealth
615  7$aInvestment & securities
615  7$aPublic finance & taxation
615  7$aPetroleum, oil & gas industries
615  7$aOil
615  7$aOil, gas and mining taxes
615  7$aOil production
615  7$aOil prices
615  7$aGovernment consumption
615  7$aPetroleum industry and trade
615  7$aConsumption
615  7$aEconomics
700   $aSegura Vasi$b Alonso$01632000
801  0$bDcWaIMF
906   $aBOOK
912   $a9910819873103321
996   $aManagement of Oil Wealth Under the Permanent Income Hypothesis$93970896
997   $aUNINA