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  1. Fiscal sustainability, public investment, and growth in natural resource-rich, low-income countries
    the case of Cameroon
    Erschienen: 2013
    Verlag:  IMF, Washington, DC

    This paper assesses the implications of the use of oil revenue for public investment on growth and fiscal sustainability in Cameroon. We develop a dynamic stochastic general equilibrium model to analyze the effects of such investment on growth and on... mehr

    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Unter den Linden
    uneingeschränkte Fernleihe, Kopie und Ausleihe

     

    This paper assesses the implications of the use of oil revenue for public investment on growth and fiscal sustainability in Cameroon. We develop a dynamic stochastic general equilibrium model to analyze the effects of such investment on growth and on the path of key fiscal indicators, such as the non-oil primary deficit and public debt. Policy scenarios show that Cameroon’s large infrastructural needs and relatively low current debt levels could justify a temporary deviation from traditional policy advice that suggests saving part of the oil revenue to smooth expenditure over time. Model simulations show that a relatively high degree of efficiency of public investment is needed for scaled-up public investment to make a significant contribution to growth, while maintaining fiscal sustainability

     

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    Quelle: Staatsbibliothek zu Berlin
    Sprache: Englisch
    Medientyp: Ebook
    Format: Online
    ISBN: 9781484318256
    Weitere Identifier:
    Schriftenreihe: IMF working paper ; 13/144
    Schlagworte: Erdölvorkommen; Öffentliche Einnahmen; Nachhaltigkeit; Öffentliche Investition; Wirtschaftswachstum; Kamerun
    Umfang: Online-Ressource (34 S.), graph. Darst.
    Bemerkung(en):

    Description based upon print version of record

    Cover; Contents; I. Introduction; II. Literature Review: Revenue Management from Non-Renewable Natural Resources; III. Cameroon: Experience and Issues; Figures; Figure 1. Cameroon: Revenue and Expenditure, 1980 - 2011; IV. The Model; A. Representative Agent Maximization Problem; B. Production; C. Fiscal Policy and the Ramsey Problem; V. Model Calibration and Simulation Method; Tables; Table 1. Bayesian Posterior Means of the Model; Table 2. Maximum Likelihood Estimates; VI. Results of Policy Scenarios; A. "Scaling-Up with Reform" Scenario; B. "Conservative" Scenario

    Figure 2. Cameroon: Public Investment Path, 2012 - 32Figure 3. Cameroon: Scaling-Up with Reform Scenario, 2012-32; Figure 4. Policy Scenarios with Oil Endowment Depleting by 2032; C. "Scaling-Up No Reform" Scenario; VII. Conclusion and Policy Implications; Appendix: First Order Conditions; Figure 5. Cameroon: Selected Economic Indicators, 1980-2010; References

  2. Fiscal sustainability, public investment, and growth in natural resource-rich, low-income countries
    the case of Cameroon
    Erschienen: 2013
    Verlag:  IMF, Washington, DC

    This paper assesses the implications of the use of oil revenue for public investment on growth and fiscal sustainability in Cameroon. We develop a dynamic stochastic general equilibrium model to analyze the effects of such investment on growth and on... mehr

    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Potsdamer Straße
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    Universitätsbibliothek Braunschweig
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    Staats- und Universitätsbibliothek Bremen
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    Universitätsbibliothek Erfurt / Forschungsbibliothek Gotha, Universitätsbibliothek Erfurt
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    Universitäts- und Landesbibliothek Sachsen-Anhalt / Zentrale
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    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
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    Technische Universität Hamburg, Universitätsbibliothek
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 301 (2013,144)
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    This paper assesses the implications of the use of oil revenue for public investment on growth and fiscal sustainability in Cameroon. We develop a dynamic stochastic general equilibrium model to analyze the effects of such investment on growth and on the path of key fiscal indicators, such as the non-oil primary deficit and public debt. Policy scenarios show that Cameroon’s large infrastructural needs and relatively low current debt levels could justify a temporary deviation from traditional policy advice that suggests saving part of the oil revenue to smooth expenditure over time. Model simulations show that a relatively high degree of efficiency of public investment is needed for scaled-up public investment to make a significant contribution to growth, while maintaining fiscal sustainability

     

    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Hinweise zum Inhalt
    Volltext (Array)
    Volltext (Array)
    Quelle: Staatsbibliothek zu Berlin
    Sprache: Englisch
    Medientyp: Ebook
    Format: Online
    ISBN: 9781484318256
    Weitere Identifier:
    Schriftenreihe: IMF working paper ; 13/144
    Schlagworte: Erdölvorkommen; Öffentliche Einnahmen; Nachhaltigkeit; Öffentliche Investition; Wirtschaftswachstum; Kamerun
    Umfang: Online-Ressource (34 S.), graph. Darst.
    Bemerkung(en):

    Description based upon print version of record

    Cover; Contents; I. Introduction; II. Literature Review: Revenue Management from Non-Renewable Natural Resources; III. Cameroon: Experience and Issues; Figures; Figure 1. Cameroon: Revenue and Expenditure, 1980 - 2011; IV. The Model; A. Representative Agent Maximization Problem; B. Production; C. Fiscal Policy and the Ramsey Problem; V. Model Calibration and Simulation Method; Tables; Table 1. Bayesian Posterior Means of the Model; Table 2. Maximum Likelihood Estimates; VI. Results of Policy Scenarios; A. "Scaling-Up with Reform" Scenario; B. "Conservative" Scenario

    Figure 2. Cameroon: Public Investment Path, 2012 - 32Figure 3. Cameroon: Scaling-Up with Reform Scenario, 2012-32; Figure 4. Policy Scenarios with Oil Endowment Depleting by 2032; C. "Scaling-Up No Reform" Scenario; VII. Conclusion and Policy Implications; Appendix: First Order Conditions; Figure 5. Cameroon: Selected Economic Indicators, 1980-2010; References