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Calculating Sustainable Non-mineral Balances as Benchmarks for Fiscal Policy : : The Case of Botswana / / Jens Clausen



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Autore: Clausen Jens Visualizza persona
Titolo: Calculating Sustainable Non-mineral Balances as Benchmarks for Fiscal Policy : : The Case of Botswana / / Jens Clausen Visualizza cluster
Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2008
Edizione: 1st ed.
Descrizione fisica: 1 online resource (17 p.)
Disciplina: 339.09689709049
Soggetto topico: Fiscal policy - Botswana
Revenue - Botswana
Macroeconomics
Public Finance
Natural Resources
Nonrenewable Resources and Conservation: General
Fiscal Policy
Personal Income, Wealth, and Their Distributions
Agricultural and Natural Resource Economics
Environmental and Ecological Economics: General
Environmental management
Non-renewable resources
Fiscal policy
Fiscal stance
Personal income
Natural resources
Income
Soggetto geografico: Botswana Economic conditions 1966-
Botswana
Note generali: Description based upon print version of record.
Nota di bibliografia: Includes bibliographical references.
Nota di contenuto: Contents; 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
References
Sommario/riassunto: Assuming 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.
Titolo autorizzato: Calculating Sustainable Non-mineral Balances as Benchmarks for Fiscal Policy  Visualizza cluster
ISBN: 1-4623-7598-7
1-4527-1780-X
1-4518-6977-0
9786612840715
1-282-84071-1
Formato: Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione: Inglese
Record Nr.: 9910818149803321
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Serie: IMF Working Papers; Working Paper ; ; No. 2008/117