Arbeitspapier
Spending Natural Resource Revenues in an Altruistic Growth Model
This paper examines how revenues from a natural resource interact with growth and welfare in an overlapping generations model with altruism. The revenues are allocated between public productive services and direct transfers to members of society by spending policies. We analyze how these policies influence the dynamics, and how the dynamics are influenced by the abundance of the revenue. Abundant revenues may harm growth, but growth and welfare can be oppositely affected. We also provide the socially optimal policy. Overall, the analysis suggests that variation in the strength of altruism and in spending policies may be part of the reason why natural resources seem to affect economic performance across nations differently.
- Sprache
-
Englisch
- Erschienen in
-
Series: EPRU Working Paper Series ; No. 2006-09
- Klassifikation
-
Wirtschaft
Altruism; Philanthropy; Intergenerational Transfers
One, Two, and Multisector Growth Models
Resource Booms
Nonrenewable Resources and Conservation: Government Policy
- Thema
-
natural resources
economic growth
welfare
altruism
Natürliche Ressourcen
Wirtschaftswachstum
Sozialstaat
Altruismus
Overlapping Generations
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Hermann Frederiksen, Elisabeth
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Copenhagen, Economic Policy Research Unit (EPRU)
- (wo)
-
Copenhagen
- (wann)
-
2006
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Hermann Frederiksen, Elisabeth
- University of Copenhagen, Economic Policy Research Unit (EPRU)
Entstanden
- 2006
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