Home » Fiscal Policy Formulation and Implementation in Oil-Producing Countries by Jeffrey M. Davis
Fiscal Policy Formulation and Implementation in Oil-Producing Countries Jeffrey M. Davis

Fiscal Policy Formulation and Implementation in Oil-Producing Countries

Jeffrey M. Davis

Published August 1st 2003
ISBN : 9781451980806
ebook
493 pages
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 About the Book 

Countries with large oil resources can benefit substantially from them. However, despite their huge natural resources, many oil producers have had disappointing growth, widespread poverty, and continuing vulnerability to oil price and other externalMoreCountries with large oil resources can benefit substantially from them. However, despite their huge natural resources, many oil producers have had disappointing growth, widespread poverty, and continuing vulnerability to oil price and other external shocks. Fiscal policy can play a central role indetermining the extent to which a country benefits from its oil wealth. This book brings together studies that provide analysis and findings on fiscal policy issues in oil-producing countries from a diverse international perspective. A key focus for the authors is how to manage oil resources in a way that contributes to a stable macroeconomic environment, sustainable growth, and poverty reduction.