The Political Economy of Fiscal Policy and Economic Management in Oil Exporting Countries

Despite massive oil rent incomes since the early 1970s, the economic performance of oil-exporting countries-with notable exceptions-is poor. While there is extensive literature on the management of oil resources, analysis of the underlying politica...

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Bibliographic Details
Main Authors:	Eifert, Benn, Gelb, Alan, Borje Tallroth, Nils
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	AGGREGATE DEMAND AGRICULTURE ALTERNATIVE INVESTMENTS AUTHORITY BORROWING BUDGET DEFICIT BUDGET MANAGEMENT BUDGET PROCESS BUREAUCRACY CASH PAYMENTS CENTRAL GOVERNMENT CITIZENS CIVIL LIBERTIES COAL COAL GASIFICATION COMPARATIVE ANALYSIS COMPETITIVENESS COMPUTABLE GENERAL EQUILIBRIUM MODEL CONSENSUS CONSTITUENCIES CONSTITUENCY CONSTITUTION CORRUPTION CREDIT RATINGS DEBT DECENTRALIZATION PROCESS DEFICITS DEMOCRACY DEMOCRATIC INSTITUTIONS DEVELOPED COUNTRIES DEVELOPMENT STRATEGIES DISCOUNT RATES DIVIDENDS ECONOMIC CONDITIONS ECONOMIC GROWTH ECONOMIC INCENTIVES ECONOMIC PERFORMANCE ECONOMISTS EFFICIENT USE EMPLOYMENT ENTITLEMENTS EQUILIBRIUM EXCHANGE RATE EXPANSIONARY FISCAL EXPENDITURE EXPLOITATION EXPORTS FINANCIAL VIABILITY FISCAL FISCAL CRISES FISCAL CRISIS FISCAL DECENTRALIZATION FISCAL DEFICITS FISCAL DISCIPLINE FISCAL POLICIES FISCAL POLICY FISCAL RESOURCES FISHERIES FORECASTS FOREIGN LOANS FUEL FUEL PRICE FUELS FULL EMPLOYMENT GDP GDP PER CAPITA GENERAL EQUILIBRIUM MODEL GOVERNMENT BUDGET CONSTRAINTS GOVERNMENT EXPENDITURES GOVERNMENT REVENUE GOVERNMENT SERVICES GOVERNMENT SPENDING GOVERNMENT'S BUDGET HUMAN CAPITAL INCOME INCOME DISTRIBUTION INFLATION LABOR MARKETS LACK OF CLARITY LACK OF TRANSPARENCY LEGITIMACY LEGITIMIZATION LIVING STANDARDS LOCAL GOVERNMENTS MARGINAL VALUE MEMBERS OF PARLIAMENT MONETARY POLICIES MONETARY POLICY MORAL HAZARD NATIONAL CONSENSUS NATIONAL GOVERNMENTS NATIONAL INCOME NATIONS OIL OIL EXPORTERS OIL EXPORTING OIL EXPORTING COUNTRIES OIL EXPORTS OIL INDUSTRY OIL MARKETS OIL PRICES OIL PRODUCERS OIL PRODUCING COUNTRIES OIL RESERVES OIL REVENUES OPPOSITION PARTIES PER CAPITA INCOME POLITICAL ECONOMY POLITICAL ELITES POLITICAL INSTITUTIONS POLITICAL POWER POLITICIANS POPULATION GROWTH POPULISM PRICE INCREASES PRIVATE SECTOR PRODUCERS PROPERTY RIGHTS PROVEN RESERVES PUBLIC DEBT PUBLIC EMPLOYMENT PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC INVESTMENT PUBLIC OFFICIALS PUBLIC RESOURCES PUBLIC REVENUES PUBLIC SECTOR PUBLIC SECTOR DEFICIT PUBLIC SECTOR WAGES PUBLIC SPENDING PUBLIC WELFARE RENT- SEEKING BEHAVIOR RENT-SEEKING BEHAVIOR REPRESENTATIVES REVENUE MANAGEMENT REVENUE SOURCES REVENUE VOLATILITY ROADS SAVINGS SOCIAL PROGRAMS STAGFLATION STATE ENTERPRISES STATE INSTITUTIONS STATE POWER STREAMS STRUCTURAL ADJUSTMENT TAX TAX ADMINISTRATION TAX BURDEN TAX REVENUES TAXATION TRANSPARENCY URBAN POPULATION VOTERS WAGES WEALTH WORLD DEMAND
Online Access:	http://documents.worldbank.org/curated/en/2002/10/2031707/political-economy-fiscal-policy-economic-management-oil-exporting-countries http://hdl.handle.net/10986/19225

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http://documents.worldbank.org/curated/en/2002/10/2031707/political-economy-fiscal-policy-economic-management-oil-exporting-countries
http://hdl.handle.net/10986/19225

The Political Economy of Fiscal Policy and Economic Management in Oil Exporting Countries

Internet

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