It takes the average reader 1 hour and 12 minutes to read Fiscal Policy Sustainability in Oil-Producing Countries by Ms.Sheila Bassett
Assuming a reading speed of 250 words per minute. Learn more
Assessing the sustainability of a given fiscal policy is especially important for countries that depend on income from exhaustible resources. Political and growth pressures may push governments to raise expenditure when revenue from exhaustible resources rises, but cutting outlays when price swings reduce income is often difficult. Traditional fiscal accounting may give a misleading view of policy sustainability. This paper argues that for countries in which a significant proportion of government revenue is derived from the exploitation of an exhaustible natural resource, fiscal policy sustainability can best be assessed within a permanent income framework that takes into account total government wealth, including the imputed wealth from reserves of natural resources. Using this framework, the paper takes a sample of six countries where government revenue from petroleum extraction is significant and draws conclusions about the sustainability of their fiscal policies during 1980-92.
Fiscal Policy Sustainability in Oil-Producing Countries by Ms.Sheila Bassett is 72 pages long, and a total of 18,144 words.
This makes it 24% the length of the average book. It also has 22% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 39 minutes to read Fiscal Policy Sustainability in Oil-Producing Countries aloud.
Fiscal Policy Sustainability in Oil-Producing Countries is suitable for students ages 8 and up.
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