It takes the average reader and 34 minutes to read Investing Volatile Oil Revenues in Capital-Scarce Economies by Christine J. Richmond
Assuming a reading speed of 250 words per minute. Learn more
Natural resource revenues are an increasingly important financing source for public investment in many developing economies. Investing volatile resource revenues, however, may subject an economy to macroeconomic instability. This paper applies to Angola the fiscal framework developed in Berg et al. (forthcoming) that incorporates investment inefficiency and absorptive capacity constraints, often encountered in developing countries. The sustainable investing approach, which combines a stable fiscal regime with external savings, can convert resource wealth to development gains while maintaining...
Investing Volatile Oil Revenues in Capital-Scarce Economies by Christine J. Richmond is 34 pages long, and a total of 8,636 words.
This makes it 11% the length of the average book. It also has 11% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 47 minutes to read Investing Volatile Oil Revenues in Capital-Scarce Economies aloud.
Investing Volatile Oil Revenues in Capital-Scarce Economies is suitable for students ages 8 and up.
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