Optimal Allocation of Natural Resource Surpluses in a Dynamic Macroeconomic Framework : A DSGE Analysis with Evidence from Uganda

Optimal Allocation of Natural Resource Surpluses in a Dynamic Macroeconomic Framework : A DSGE Analysis with Evidence from Uganda

In low-income, capital-scarce economies that face financial and fiscal constraints, managing revenues from newly found natural resources can be a daunting challenge. The policy debate is how to scale up public investment to meet huge needs in infra...

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Bibliographic Details
Main Authors: Zeufack, Albert, Kopoin, Alexandre, Nganou, Jean-Pascal, Tchana Tchana, Fulbert, Kemoe, Laurent
Format: Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2017
Subjects:
public investment
fiscal policy
resource-rich
volatility
resource allocation
Dutch Disease
general equilibrium model
resource windfalls
sovereign wealth fund
oil price volatility
macroeconomic policy
Online Access:http://documents.worldbank.org/curated/en/775461481290732787/Optimal-allocation-of-natural-resource-surpluses-in-a-dynamic-macroeconomic-framework-a-DSGE-analysis-with-evidence-from-Uganda
http://hdl.handle.net/10986/25809

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