Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/41454 
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dc.contributor.authorLücke, Matthiasen
dc.date.accessioned2010-11-08T11:19:18Z-
dc.date.available2010-11-08T11:19:18Z-
dc.date.issued2010-
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
dc.language.isoengen
dc.publisher|aKiel Institute for the World Economy (IfW) |cKielen
dc.relation.ispartofseries|aKiel Working Paper |x1652en
dc.subject.jelO13en
dc.subject.jelQ32en
dc.subject.jelL71en
dc.subject.ddc330en
dc.subject.keywordresource-based developmenten
dc.subject.keywordsovereign wealth funden
dc.subject.stwStaatsfondsen
dc.subject.stwFinanzpolitiken
dc.subject.stwSparenen
dc.subject.stwNachhaltigkeiten
dc.subject.stwRohstoffpreisen
dc.subject.stwExporterlösen
dc.subject.stwVergleichen
dc.subject.stwAserbaidschanen
dc.subject.stwKasachstanen
dc.subject.stwNorwegenen
dc.titleStabilization and savings funds to manage natural resource revenues: Kazakhstan and Azerbaijan vs. Norway-
dc.typeWorking Paperen
dc.identifier.ppn636592340en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:ifwkwp:1652en

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