Oil Windfalls: Blessing Or Curse?

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World Bank, 1988 - Business & Economics - 357 pages
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This book assesses the full impact of oil windfalls on six developing producer countries - Algeria, Ecuador, Indonesia, Nigeria, Trinidad and Tobago, and Venezuela. This is the first time that the issue has been systematically analysed and related to economics policies and underlying macroeconomic characteristics. The book adopts a broad approach, blending institutional and political aspects with quantitative analysis which includes the results of sophisticated model simulations. It presents new information on how oil discoveries have been used by producer governments, and analyses of the consequences. Finally it concludes that much of the potential benefit to producers has been dissipated, and explains why producers may actually end up worse off despite revenue gains.
 

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i like this book becuse it is such a grate book to read some day

Contents

Theoretical Approaches to the Analysis of Windfall Effects
14
The Record and
32
Introduction
49
The Magnitude and Uses of the Oil Windfalls 197481
56
Sectoral Shifts Real Exchange Rates and
78
Windfalls and Growth
94
The Downside of the Cycle
124
Summary of Findings
134
Macroeconomic Responses to the Oil Windfalls 197481
204
Adjustment in the Downturn 198285
212
Distribution of Benefits
222
Windfalls in
262
The Second Oil Shock 197981 and Its Aftermath
274
The Role of Gas
280
Assessment
286
Bibliography
327

Windfalls in a Socialist Economy
147
Windfalls of a New Exporter
170
Windfalls in a Poor Kural Economy
197

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Popular passages

Page 343 - Re/tort of the Commission of Inquiry into the Civil Disturbances which occurred in certain parts of the Western State of Nigeria in the month of December 1968 (Ibadan, 1969).
Page 333 - Minas, de la Oficina Central de Coordinación y Planificación de la Presidencia de la República...
Page 341 - JP Neary and S. Van Wijnbergen, "Can An Oil Discovery Lead to a Recession? A Comment on Eastwood and Venables," Economic Journal, June 1984, pp.
Page 345 - ... Agricultural Sector." In Romeo M. Bautista and Seiji Naya, eds., Energy and Structural Change in the Asia-Pacific Region: Papers and Proceedings of the Thirteenth Pacific Trade and Development Conference, 51-72. Manila: Philippine Institute for Development Studies and the Asian Development Bank. . 1985. "The Role of Price Policy in Rice Production in Indonesia, 1968-1982.

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About the author (1988)

Alan Gelb is at The World Bank.

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