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Alberta Heritage Fund: Blessing Becoming Curse?

Author

Listed:
  • Allan A. Warrack

    (School of Business, University of Alberta)

Abstract

The current paper examines the Alberta Heritage Savings Trust Fund (AHF). Has it been a blessing or a curse? Blessings are not automatic. Whether energy revenues become a curse, or not, depends on leadership and management. It seems to be especially difficult to prevent early blessings from lapsing into longer-term curses. Yet surely it is within human wit to sustain the blessings. From experience with the Alberta Heritage Savings and Trust Fund, and comparisons with the much more successful Alaska Permanent Fund, a set of lessons are offered.

Suggested Citation

  • Allan A. Warrack, 2005. "Alberta Heritage Fund: Blessing Becoming Curse?," Information Bulletins 1085, Western Centre for Economic Research, revised Nov 2005.
    • Handle: RePEc:alb:series:1085
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    Download full text from publisher

    File URL: http://hdl.handle.net/10402/era.31089
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    More about this item

    Keywords

    Heritage Fund; Alberta; Energy; Public Spending;
    All these keywords.

    JEL classification:

    • H53 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Welfare Programs

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