MARC details
| 000 -LEADER |
|---|
| fixed length control field |
05043cam a2200577Ia 4500 |
| 001 - CONTROL NUMBER |
|---|
| control field |
ocn805598555 |
| 003 - CONTROL NUMBER IDENTIFIER |
|---|
| control field |
OCoLC |
| 005 - DATE AND TIME OF LATEST TRANSACTION |
|---|
| control field |
20240829110429.0 |
| 006 - FIXED-LENGTH DATA ELEMENTS--ADDITIONAL MATERIAL CHARACTERISTICS |
|---|
| fixed length control field |
m d |
| 007 - PHYSICAL DESCRIPTION FIXED FIELD--GENERAL INFORMATION |
|---|
| fixed length control field |
cr ||||||||||| |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION |
|---|
| fixed length control field |
120809s2012 dcu ob i000 0 eng d |
| 040 ## - CATALOGING SOURCE |
|---|
| Original cataloging agency |
DJB |
| Language of cataloging |
eng |
| Description conventions |
pn |
| Transcribing agency |
DJB |
| Modifying agency |
DJB |
| -- |
CUS |
| -- |
OCLCQ |
| -- |
E7B |
| -- |
OCLCF |
| -- |
OCLCQ |
| -- |
N$T |
| -- |
VT2 |
| -- |
YDXCP |
| -- |
EBLCP |
| -- |
DEBBG |
| 019 ## - |
|---|
| -- |
812997592 |
| -- |
870244991 |
| -- |
885502722 |
| -- |
903698881 |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER |
|---|
| International Standard Book Number |
1475591063 |
| Qualifying information |
electronic bk. |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER |
|---|
| International Standard Book Number |
9781475591064 |
| Qualifying information |
electronic bk. |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER |
|---|
| International Standard Book Number |
9781475521528 |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER |
|---|
| International Standard Book Number |
1475521529 |
| 035 ## - SYSTEM CONTROL NUMBER |
|---|
| System control number |
(OCoLC)805598555 |
| Canceled/invalid control number |
(OCoLC)812997592 |
| -- |
(OCoLC)870244991 |
| -- |
(OCoLC)885502722 |
| -- |
(OCoLC)903698881 |
| 037 ## - SOURCE OF ACQUISITION |
|---|
| Source of stock number/acquisition |
00013468 |
| 050 #4 - LIBRARY OF CONGRESS CALL NUMBER |
|---|
| Classification number |
HG3881.5.I58 |
| Item number |
W67 No. 200eb |
| 072 #7 - SUBJECT CATEGORY CODE |
|---|
| Subject category code |
BUS |
| Subject category code subdivision |
027000 |
| Source |
bisacsh |
| 082 04 - DEWEY DECIMAL CLASSIFICATION NUMBER |
|---|
| Classification number |
332.67252 |
| Edition number |
23 |
| 049 ## - LOCAL HOLDINGS (OCLC) |
|---|
| Holding library |
TEFA |
| 100 1# - MAIN ENTRY--PERSONAL NAME |
|---|
| Personal name |
Arezki, Rabah. |
| 9 (RLIN) |
634430 |
| 245 10 - TITLE STATEMENT |
|---|
| Title |
Resource windfalls, optimal public investment and redistribution |
| Medium |
[electronic resource] : |
| Remainder of title |
the role of total factor productivity and administrative capacity / |
| Statement of responsibility, etc. |
prepared by Rabah Arezki, Arnaud Dupuy and Alan Gelb. |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) |
|---|
| Place of publication, distribution, etc. |
[Washington, D.C.] : |
| Name of publisher, distributor, etc. |
International Monetary Fund, |
| Date of publication, distribution, etc. |
©2012. |
| 300 ## - PHYSICAL DESCRIPTION |
|---|
| Extent |
1 online resource (34 pages). |
| 336 ## - CONTENT TYPE |
|---|
| Content type term |
text |
| Content type code |
txt |
| Source |
rdacontent |
| 337 ## - MEDIA TYPE |
|---|
| Media type term |
computer |
| Media type code |
c |
| Source |
rdamedia |
| 338 ## - CARRIER TYPE |
|---|
| Carrier type term |
online resource |
| Carrier type code |
cr |
| Source |
rdacarrier |
| 490 1# - SERIES STATEMENT |
|---|
| Series statement |
IMF working paper ; |
| Volume/sequential designation |
WP/12/200 |
| 500 ## - GENERAL NOTE |
|---|
| General note |
Title from PDF title page (IMF Web site, viewed Aug. 9, 2012). |
| 520 ## - SUMMARY, ETC. |
|---|
| Summary, etc. |
This paper studies the optimal public investment decisions in countries experiencing a resource windfall. To do so, we use an augmented version of the Permanent Income framework with public investment faced with adjustment costs capturing the associated administrative capacity as well as government direct transfers. A key assumption is that those adjustment costs rise with the size of the resource windfall. The main results from the analytical model are threefold. First, a larger resource windfall commands a lower level of public capital but a higher level of redistribution through transfers. Second, weaker administrative capacity lowers the increase in optimal public capital following a resource windfall. Third, higher total factor productivity in the non-resource sector reduces the degree of des-investment in public capital commanded by weaker administrative capacity. We further extend our basic model to allow for "investing in investing"--That is public investment in administrative capacity - by endogenizing the adjustment cost in public investment. Results from the numerical simulations suggest, among other things, that a higher initial stock of public administrative "know how" leads to a higher level of optimal public investment following a resource windfall. Implications for policy are discussed. |
| 504 ## - BIBLIOGRAPHY, ETC. NOTE |
|---|
| Bibliography, etc |
Includes bibliographical references. |
| 500 ## - GENERAL NOTE |
|---|
| General note |
"Institute for Capacity Development." |
| 500 ## - GENERAL NOTE |
|---|
| General note |
"August 2012." |
| 505 0# - FORMATTED CONTENTS NOTE |
|---|
| Formatted contents note |
Cover; Contents; I. Introduction; II. Existing Theoretical Frameworks; III. A Simple Model of Public Investment; A. Model Set-up; B. Discussion of Results; IV. An Extension of The Model with Endogenous Investment in Administrative Capacity; V. Policy implications; References; Appendixes; Appendix 1: Parametric Specification; Appendix 2: Parametric Specification of the Extended Model; Figures; Figure 1. Share of Natural Capital around the World; Figure 2. Public Management Index by Sub-Groups; Figure 3. Investor Protection Index; Figure 4. Non-Resource Sector Total Factor Productivity. |
| 505 8# - FORMATTED CONTENTS NOTE |
|---|
| Formatted contents note |
Figure 5. Public Investment Management Index and Non-resource Sector Total FactorFigure 6. Resource Windfall, Consumption and Foreign Debt under the Permanent; Figure 7. Evolution of Wages, Resource Windfalls and Sovereign Debt; Figure 8. Evolution of the Stock of Public Capital under Different Scenarios; Figure 9. Evolution of Wages under Different Scenarios; Figure 10. Evolution of Private Consumption under Different Scenarios; Figure 11. Evolution of the Stock of Public Capital under Different Scenarios; Figure 12. Evolution of the Stock of Private Capital under Different Scenarios. |
| 650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name as entry element |
Public investments |
| General subdivision |
Econometric models. |
| 9 (RLIN) |
645791 |
| 650 #7 - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name as entry element |
Public investments |
| General subdivision |
Econometric models. |
| Source of heading or term |
fast |
| Authority record control number |
(OCoLC)fst01082549 |
| 9 (RLIN) |
645791 |
| 650 #7 - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name as entry element |
BUSINESS & ECONOMICS / Finance |
| Source of heading or term |
bisacsh |
| 9 (RLIN) |
195626 |
| 655 #4 - INDEX TERM--GENRE/FORM |
|---|
| Genre/form data or focus term |
Electronic books. |
| 9 (RLIN) |
396 |
| 700 1# - ADDED ENTRY--PERSONAL NAME |
|---|
| Personal name |
Dupuy, Arnaud. |
| 9 (RLIN) |
645792 |
| 700 1# - ADDED ENTRY--PERSONAL NAME |
|---|
| Personal name |
Gelb, Alan H. |
| 9 (RLIN) |
645793 |
| 710 2# - ADDED ENTRY--CORPORATE NAME |
|---|
| Corporate name or jurisdiction name as entry element |
International Monetary Fund. |
| Subordinate unit |
Institute for Capacity Development. |
| 9 (RLIN) |
640815 |
| 776 08 - ADDITIONAL PHYSICAL FORM ENTRY |
|---|
| Relationship information |
Print version: |
| Main entry heading |
Gelb, Alan H. |
| Title |
Resource Windfalls, Optimal Public Investment and Redistribution: The Role of Total Factor Productivity and Administrative Capacity. |
| Place, publisher, and date of publication |
Washington : International Monetary Fund, ©2012 |
| International Standard Book Number |
9781475505504 |
| 830 #0 - SERIES ADDED ENTRY--UNIFORM TITLE |
|---|
| Uniform title |
IMF working paper ; |
| Volume number/sequential designation |
WP/12/200. |
| 856 40 - ELECTRONIC LOCATION AND ACCESS |
|---|
| Materials specified |
EBSCOhost |
| Uniform Resource Identifier |
<a href="https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=568186">https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=568186</a> |
| 938 ## - |
|---|
| -- |
EBSCOhost |
| -- |
EBSC |
| -- |
568186 |
| 994 ## - |
|---|
| -- |
C0 |
| -- |
TEF |