Public Investment in a Developing Country Facing Resource Depletion is popular PDF and ePub book, written by Adrian Alter in 2015-11-10, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Public Investment in a Developing Country Facing Resource Depletion can be Read Online from any device for your convenience.
Public Investment in a Developing Country Facing Resource Depletion Book PDF Summary
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.
Detail Book of Public Investment in a Developing Country Facing Resource Depletion PDF
- Author : Adrian Alter
- Release : 10 November 2015
- Publisher : International Monetary Fund
- ISBN : 9781513597577
- Genre : Business & Economics
- Total Page : 35 pages
- Language : English
- PDF File Size : 21,8 Mb
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