Cyclical fiscal rules for oil-exporting countries
نویسندگان
چکیده
منابع مشابه
Exogenous oil shocks and the fiscal policy response in oil-exporting countries: evidence from Libya
The downtrend in oil prices beginning in 2014 represents a challenge for smallopen developing and exporting economies like Libya. This stems from the importance of government revenue generated from the natural resource sector in financing government consumption and investment expenditures as well as capital imports. The dependency on the natural resource sector and a relatively weak non-natural...
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Fiscal policies are one of the most important policies that are used in the field of demand management. Implementing fiscal policies is one of the most important policy-making tools to achieve macroeconomic goals such as Distribution Fair Income, Increasing Rate Growth Economic And Employment And Stabilizing Price. Since economic policies have a significant impact on financial mark...
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N umerous studies have been conducted about the determinants of tax evasion. In all of these studies, this phenomenon has been taken into account in the framework of balanced budget and a non-oil economy. In this study the determinants are examined by extending an endogenous growth model and considering two cases for the government budget in an oil-exporting country along with its budget d...
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Oil-exporting countries often escalate macroeconomic fluctuations by adopting cyclical fiscal policies. Empirical evidence shows that the main reason of instability in oil-exporting countries is the poor management of oil. In this study, after introducing a small open macroeconomic model with a dual managed floating exchange rate regime and estimating it using quarterly macroeconomic data of Ir...
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ژورنال
عنوان ژورنال: Economic Modelling
سال: 2016
ISSN: 0264-9993
DOI: 10.1016/j.econmod.2016.08.009