Investment Allocation with Capital Constraints. Comparison of Fiscal Regimes

2022 ◽  
Vol 43 (1) ◽  
Author(s):  
Petter Osmundsen ◽  
Kjell Løvås ◽  
Magne Emhjellen
2002 ◽  
Vol 180 ◽  
pp. 54-71 ◽  
Author(s):  
Ray Barrell

The UK has to make a decision on membership of EMU in the next two years. The monetary and fiscal regimes in the Euro Area and in the UK do not differ greatly. However, we argue that membership of EMU will increase the stability of the economy and the credibility of the policy framework, and hence will enhance the prospects for growth and higher incomes and employment. There appear to be no major problems associated with joining EMU at around 1.50 euros to the pound, although there are risks to the UK if the euro appreciates against the dollar after we have entered. However, the costs associated with this risk have to be offset against the probability of the significant output gains that could come from EMU membership in the medium term.


Energy Policy ◽  
2017 ◽  
Vol 101 ◽  
pp. 473-483 ◽  
Author(s):  
Juan M. Ramírez-Cendrero ◽  
María J. Paz

Energy Policy ◽  
2016 ◽  
Vol 88 ◽  
pp. 253-261 ◽  
Author(s):  
Nor Aziah Abdul Manaf ◽  
Abdulsalam Mas'ud ◽  
Zuaini Ishak ◽  
Natrah Saad ◽  
Alex Russell
Keyword(s):  

2019 ◽  
Vol 88 ◽  
pp. 273-282
Author(s):  
Lewis Ramsden ◽  
Apostolos D. Papaioannou

Author(s):  
Eduardo A. Cavallo ◽  
Arturo José Galindo ◽  
Alejandro Izquierdo ◽  
John Jairo Leon

2016 ◽  
Vol 30 (1) ◽  
pp. 161-184 ◽  
Author(s):  
Anthony J. Venables

Developing economies have found it hard to use natural resource wealth to improve their economic performance. Utilizing resource endowments is a multistage economic and political problem that requires private investment to discover and extract the resource, fiscal regimes to capture revenue, judicious spending and investment decisions, and policies to manage volatility and mitigate adverse impacts on the rest of the economy. Experience is mixed, with some successes (such as Botswana and Malaysia) and more failures. This paper reviews the challenges that are faced in successfully managing resource wealth, the evidence on country performance, and the reasons for disappointing results.


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