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010   $a9786612840715
010   $a9781462375981
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010   $a145271780X
010   $a9781451869774
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035   $a(PQKBTitleCode)TC0000943985
035   $a(PQKBWorkID)10983250
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035   $a(OCoLC)276785198
035   $a(MiAaPQ)EBC1607868
035   $a(IMF)WPIEE2008117
035   $a(IMF)WPIEA2008117
035   $aWPIEA2008117
035   $a(EXLCZ)993170000000055023
100   $a20020129d2008      uf         0
101 0 $aeng
135   $aur|n|---|||||
181   $ctxt
182   $cc
183   $acr
200 10$aCalculating Sustainable Non-mineral Balances as Benchmarks for Fiscal Policy : $eThe Case of Botswana /$fJens Clausen
205   $a1st ed.
210  1$aWashington, D.C. :$cInternational Monetary Fund,$d2008.
215   $a1 online resource (17 p.)
225 1 $aIMF Working Papers
225  0$aIMF working paper ;$vWP/08/117
300   $aDescription based upon print version of record.
311 08$a9781451914313 
311 08$a1451914318 
320   $aIncludes bibliographical references.
327   $aContents; I. Introduction; II. Fiscal Policy in Resource-Rich Countries:; A. International Experience; B. The Permanent Income Hypothesis; C. Mathematical Representation of How to Calculate Benchmarks; III. The Case of Botswana; A. Background; B. Calculating Sustainable Non-mineral Balances for Botswana; Figures; 1 Botswana: Mineral Revenues, Annuity, and Asset Accumulation; Table; 1. Botswana: Fiscal Sustainability Benchmarks; C. Sensitivity Analysis; 2. Botswana: Sensitivity Analysis for Benchmarked Balances; 3. Botswana: Mineral Revenues, Annuity, and Asset Accumulation; IV. Conclusions
327   $aReferences
330 3 $aAssuming a social welfare function that smoothes expenditure, this paper calculates a sustainability benchmark for the non-mineral balance in Botswana that is based on a notion of a "permanent income" from non-renewable resources. It is derived by constructing a hypothetical annuity from revenues from these resources, which is held constant in terms of GDP. Botswana is an interesting case because current projections suggest that diamond resources could be largely exhausted within a generation.
410  0$aIMF Working Papers; Working Paper ;$vNo. 2008/117
606   $aFiscal policy$zBotswana
606   $aRevenue$zBotswana
606   $aAgricultural and Natural Resource Economics$2imf
606   $aEnvironmental and Ecological Economics: General$2imf
606   $aEnvironmental management$2imf
606   $aFiscal Policy$2imf
606   $aFiscal policy$2imf
606   $aFiscal stance$2imf
606   $aIncome$2imf
606   $aMacroeconomics$2imf
606   $aNatural Resources$2imf
606   $aNatural resources$2imf
606   $aNon-renewable resources$2imf
606   $aNonrenewable Resources and Conservation: General$2imf
606   $aPersonal income$2imf
606   $aPersonal Income, Wealth, and Their Distributions$2imf
606   $aPublic Finance$2imf
607   $aBotswana$xEconomic conditions$y1966-
607   $aBotswana$2imf
615  0$aFiscal policy
615  0$aRevenue
615  7$aAgricultural and Natural Resource Economics
615  7$aEnvironmental and Ecological Economics: General
615  7$aEnvironmental management
615  7$aFiscal Policy
615  7$aFiscal policy
615  7$aFiscal stance
615  7$aIncome
615  7$aMacroeconomics
615  7$aNatural Resources
615  7$aNatural resources
615  7$aNon-renewable resources
615  7$aNonrenewable Resources and Conservation: General
615  7$aPersonal income
615  7$aPersonal Income, Wealth, and Their Distributions
615  7$aPublic Finance
676   $a339.09689709049
700   $aClausen$b Jens$01815929
801  0$bDcWaIMF
906   $aBOOK
912   $a9910960625503321
996   $aCalculating Sustainable Non-mineral Balances as Benchmarks for Fiscal Policy$94371554
997   $aUNINA