Matches in SemOpenAlex for { <https://semopenalex.org/work/W2034505907> ?p ?o ?g. }
- W2034505907 endingPage "60" @default.
- W2034505907 startingPage "01" @default.
- W2034505907 abstract "Summary This paper seeks to make a meaningful contribution to the literature on the use of stabilisation funds in resource‐dependent countries, by proposing a new manner by which to measure their effectiveness. Since the 1950s, over 30 countries have used these instruments to stabilise resource revenues into their budgets to avoid the resource curse and Dutch disease and/or to save income from non‐renewables. As has been documented by case studies, these countries have had a mixed record in attaining their goals. This paper is novel in that it aggregates quantitative results of fund performance through the compilation of a new database of detailed fiscal indicators for, put together through the extraction of data from hundreds of IMF documents containing official government data. The cross‐country analysis of fiscal performance provides a new direction for the measurement of the effectiveness of stabilisation funds and the underlying political economy reasons for their success or failure. Because these funds serve a purpose of both stabilisation and savings, it is argued that their effectiveness should be measured by a success variable which is an indicator of sustainable fiscal performance. This is defined by its impact along three dimensions: fiscal revenues, fiscal expenditures and savings. By looking at the underlying economic and political conditions, as well as the attributes of stabilisation funds which drive success , some interesting conclusions are reached. First, stabilisation funds matter. Although there is no a priori economic reason to create one, their presence leads to better fiscal outcomes. Second, the governance of stabilisation funds is the most important factor in determining their success. An independent civil service is positive for success, while open and regulated political systems are actually found to be detrimental, contrary to what the literature assumed. Finally, the rules of the stabilisation fund are also crucial. Discretion over resources is negative for success , while earmarking is positive. This means that these funds work best when they are relatively rigid and less susceptible to capture by politicians." @default.
- W2034505907 created "2016-06-24" @default.
- W2034505907 creator A5068210673 @default.
- W2034505907 date "2011-01-01" @default.
- W2034505907 modified "2023-10-02" @default.
- W2034505907 title "The Political Economy of Stabilisation Funds: Measuring their Success in Resource-Dependent Countries" @default.
- W2034505907 cites W1496208177 @default.
- W2034505907 cites W1525171360 @default.
- W2034505907 cites W1529322912 @default.
- W2034505907 cites W1534309228 @default.
- W2034505907 cites W1977433163 @default.
- W2034505907 cites W1980111222 @default.
- W2034505907 cites W1986091376 @default.
- W2034505907 cites W1987566499 @default.
- W2034505907 cites W1992984263 @default.
- W2034505907 cites W2001026660 @default.
- W2034505907 cites W2013534161 @default.
- W2034505907 cites W2028357328 @default.
- W2034505907 cites W2029482322 @default.
- W2034505907 cites W2040412464 @default.
- W2034505907 cites W2042226937 @default.
- W2034505907 cites W2050278438 @default.
- W2034505907 cites W2051998369 @default.
- W2034505907 cites W2056552158 @default.
- W2034505907 cites W2059083981 @default.
- W2034505907 cites W2083205449 @default.
- W2034505907 cites W2089512970 @default.
- W2034505907 cites W2100229420 @default.
- W2034505907 cites W2107449198 @default.
- W2034505907 cites W2138437328 @default.
- W2034505907 cites W2144289211 @default.
- W2034505907 cites W2149458940 @default.
- W2034505907 cites W2149789442 @default.
- W2034505907 cites W2150302465 @default.
- W2034505907 cites W2150363902 @default.
- W2034505907 cites W2169417293 @default.
- W2034505907 cites W2326499185 @default.
- W2034505907 cites W2484539088 @default.
- W2034505907 cites W2489075584 @default.
- W2034505907 cites W2954912999 @default.
- W2034505907 cites W2954945709 @default.
- W2034505907 cites W2954990886 @default.
- W2034505907 cites W2955146270 @default.
- W2034505907 cites W2955741832 @default.
- W2034505907 cites W3094521286 @default.
- W2034505907 cites W3121595223 @default.
- W2034505907 cites W3125701855 @default.
- W2034505907 cites W3126035462 @default.
- W2034505907 cites W3145243856 @default.
- W2034505907 cites W4206022607 @default.
- W2034505907 cites W4206382860 @default.
- W2034505907 cites W4233124470 @default.
- W2034505907 cites W4241795129 @default.
- W2034505907 cites W4249669282 @default.
- W2034505907 cites W4250538525 @default.
- W2034505907 cites W4252947989 @default.
- W2034505907 doi "https://doi.org/10.1111/j.2040-0209.2011.00356_2.x" @default.
- W2034505907 hasPublicationYear "2011" @default.
- W2034505907 type Work @default.
- W2034505907 sameAs 2034505907 @default.
- W2034505907 citedByCount "15" @default.
- W2034505907 countsByYear W20345059072012 @default.
- W2034505907 countsByYear W20345059072014 @default.
- W2034505907 countsByYear W20345059072016 @default.
- W2034505907 countsByYear W20345059072017 @default.
- W2034505907 countsByYear W20345059072019 @default.
- W2034505907 countsByYear W20345059072020 @default.
- W2034505907 countsByYear W20345059072022 @default.
- W2034505907 crossrefType "journal-article" @default.
- W2034505907 hasAuthorship W2034505907A5068210673 @default.
- W2034505907 hasBestOaLocation W20345059071 @default.
- W2034505907 hasConcept C100001284 @default.
- W2034505907 hasConcept C10138342 @default.
- W2034505907 hasConcept C105639569 @default.
- W2034505907 hasConcept C138885662 @default.
- W2034505907 hasConcept C139719470 @default.
- W2034505907 hasConcept C144133560 @default.
- W2034505907 hasConcept C162324750 @default.
- W2034505907 hasConcept C17744445 @default.
- W2034505907 hasConcept C195487862 @default.
- W2034505907 hasConcept C199539241 @default.
- W2034505907 hasConcept C206345919 @default.
- W2034505907 hasConcept C2778137410 @default.
- W2034505907 hasConcept C2780761599 @default.
- W2034505907 hasConcept C31258907 @default.
- W2034505907 hasConcept C39389867 @default.
- W2034505907 hasConcept C41008148 @default.
- W2034505907 hasConcept C41895202 @default.
- W2034505907 hasConcept C524878704 @default.
- W2034505907 hasConcept C94625758 @default.
- W2034505907 hasConceptScore W2034505907C100001284 @default.
- W2034505907 hasConceptScore W2034505907C10138342 @default.
- W2034505907 hasConceptScore W2034505907C105639569 @default.
- W2034505907 hasConceptScore W2034505907C138885662 @default.
- W2034505907 hasConceptScore W2034505907C139719470 @default.
- W2034505907 hasConceptScore W2034505907C144133560 @default.
- W2034505907 hasConceptScore W2034505907C162324750 @default.
- W2034505907 hasConceptScore W2034505907C17744445 @default.