2021
DOI: 10.1002/ijfe.2533
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Optimal fiscal management in an economy with resource revenue‐financed government‐linked companies

Abstract: We present a dynamic stochastic general equilibrium (DSGE) model in which a resource-rich government allocates its excess resource rents between a resource stabilization fund and the facilitation of costly domestic fund-raising activities of sovereign wealth funds (SWF), which holds a portfolio of government-linked companies (GLCs). Despite being less productive efficient,

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Cited by 2 publications
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