IDEAS home Printed from https://ideas.repec.org/a/nos/voprec/y2009id838.html
   My bibliography  Save this article

Cyclical Properties of Fiscal Policy in Oil-Producing Countries

Author

Listed:
  • E. Gurvich
  • E. Vakulenko
  • P. Krivenko

Abstract

The paper considers fiscal policy in countries that build on use of non-renewable natural resources. Size of the "oil GDP", natural rent, and fiscal proceeds from the oil sector are estimated for Russia. These and similar parameters are compared across major oil-producing countries. Econometric procedure is suggested to measure overall impact of oil prices on fiscal performance accounting for all channels of influence. This approach is used to examine oil dependence of budget revenues and spending in five oil-exporting countries. We find that three of them (Iran, Venezuela, and Russia) demonstrate indications of a pro-cyclical fiscal policy.

Suggested Citation

  • E. Gurvich & E. Vakulenko & P. Krivenko, 2009. "Cyclical Properties of Fiscal Policy in Oil-Producing Countries," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 2.
    • Handle: RePEc:nos:voprec:y:2009:id:838
    DOI: 10.32609/0042-8736-2009-2-51-70
    as

    Download full text from publisher

    File URL: https://www.vopreco.ru/jour/article/viewFile/838/839
    Download Restriction: no
    File URL: https://libkey.io/10.32609/0042-8736-2009-2-51-70?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nos:voprec:y:2009:id:838. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: NEICON (email available below). General contact details of provider: https://www.vopreco.ru .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.