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dc.contributor.authorLücke, Matthiasen_US
dc.date.accessioned2010-11-08T11:19:18Z-
dc.date.available2010-11-08T11:19:18Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/41454-
dc.description.abstractDo the sovereign wealth funds of Kazakhstan and Azerbaijan promote the sustainable use of government oil revenues? We review the operational rules and performance of the two funds and compare them to Norway's Government Pension Fund Global. The key challenges are to stabilize government expenditures despite volatile resource prices, build up a capital stock to draw on after the resource is depleted, and to save and spend resource revenues transparently. We conclude that the institutional framework of a resource fund may indeed enhance transparency and public scrutiny, limit discretionary control, and sustain public support for long-term savings of resource revenues.en_US
dc.language.isoengen_US
dc.publisherKiel Institute for the World Economy (IfW) Kielen_US
dc.relation.ispartofseriesKiel working paper 1652en_US
dc.subject.jelO13en_US
dc.subject.jelQ32en_US
dc.subject.jelL71en_US
dc.subject.ddc330en_US
dc.subject.keywordresource-based developmenten_US
dc.subject.keywordsovereign wealth funden_US
dc.subject.stwStaatsfondsen_US
dc.subject.stwFinanzpolitiken_US
dc.subject.stwSparenen_US
dc.subject.stwNachhaltigkeiten_US
dc.subject.stwRohstoffpreisen_US
dc.subject.stwExporterlösen_US
dc.subject.stwVergleichen_US
dc.subject.stwAserbaidschanen_US
dc.subject.stwKasachstanen_US
dc.subject.stwNorwegenen_US
dc.titleStabilization and savings funds to manage natural resource revenues: Kazakhstan and Azerbaijan vs. Norwayen_US
dc.typeWorking Paperen_US
dc.identifier.ppn636592340en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
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Kieler Arbeitspapiere, IfW

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