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- W1190911128 abstract "The combination of fiscal policy with natural resources in one chapter is not an obvious choice for a Western reader. For any resource-based country, however, fiscal policy and the development of natural resources are intimately connected. If, indeed, the country can reasonably expect to gain from future exports of natural resources it can more easily run fiscal deficits now and accumulate domestic and foreign debt, to be paid back later with export earnings. To the extent that government defines the basic parameters for the future development of the economy (what kind of physical infrastructure? taxation of different activities; incentives and regulation of foreign investments; priorities in privatisation and restructuring) the presence of domestic natural resources is a major factor of influence." @default.
- W1190911128 created "2016-06-24" @default.
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- W1190911128 date "2001-01-01" @default.
- W1190911128 modified "2023-09-28" @default.
- W1190911128 title "Fiscal Policy and Natural Resources" @default.
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- W1190911128 doi "https://doi.org/10.1007/978-3-642-57562-4_4" @default.
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