It takes the average reader and 35 minutes to read Public Investment in a Developing Country Facing Resource Depletion by Adrian Alter
Assuming a reading speed of 250 words per minute. Learn more
This paper analyzes the tradeoffs between savings, debt and public investment in the Republic of Congo, a developing country with looming oil exhaustibility concerns. Our results highlight the risks to fiscal and capital sustainability of oil exporting countries from large scaling-up in public investment and oil price volatility in view of a projected decline in the oil revenue to GDP ratio. However, structural reforms that improve the efficiency of public investment can allow for a relatively faster buildup of sustainable public capital and sustain higher non-oil growth without adversely affecting the debt ratio or savings. Moreover, we show that even if a government pursues prudent fiscal policy that preserves resource wealth and debt sustainability in the face of exhaustible and volatile resource revenues, low public investment quality in the form of a misallocation of resources can hinder attainment of sustainable public capital and positive non-oil growth.
Public Investment in a Developing Country Facing Resource Depletion by Adrian Alter is 35 pages long, and a total of 8,925 words.
This makes it 12% 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 48 minutes to read Public Investment in a Developing Country Facing Resource Depletion aloud.
Public Investment in a Developing Country Facing Resource Depletion is suitable for students ages 8 and up.
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