Fiscal policy in oil-exporting countries, 1972-1978
Book
·
OSTI ID:5690592
It is shown that the conventional presentation of fiscal and monetary accounts is inappropriate for examining the impact of fiscal policy on the domestic economies of oil-exporting countries. Alternatively, this paper emphasizes the domestic budget deficit and its implications for domestic liquidity creation. Application of the alternative framework to six major oil-exporting countries for the period 1972-1978 provides strong support for the propositions that the domestic budget deficit is the primary determinant of movements in domestic liquidity and inflation and that fiscal policy must be the primary instrument of demand management.
- OSTI ID:
- 5690592
- Country of Publication:
- United States
- Language:
- English
Similar Records
Economic consequences of increasing oil prices on the economic development process of the oil-deficit developing countries
Energy and the economy in oil-exporting countries: general-equilibrium analysis and application to Venezuela
Financial policy in a small open oil-exporting developing country: The case of Oman
Thesis/Dissertation
·
Thu Dec 31 23:00:00 EST 1981
·
OSTI ID:6029366
Energy and the economy in oil-exporting countries: general-equilibrium analysis and application to Venezuela
Thesis/Dissertation
·
Wed Dec 31 23:00:00 EST 1986
·
OSTI ID:6433627
Financial policy in a small open oil-exporting developing country: The case of Oman
Thesis/Dissertation
·
Thu Dec 31 23:00:00 EST 1987
·
OSTI ID:7076675
Related Subjects
02 PETROLEUM
020700 -- Petroleum-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
290200 -- Energy Planning & Policy-- Economics & Sociology
294002* -- Energy Planning & Policy-- Petroleum
BUDGETS
ECONOMIC POLICY
GOVERNMENT POLICIES
INFLATION
INTERNATIONAL ORGANIZATIONS
OIL-EXPORTING COUNTRIES
OPEC
020700 -- Petroleum-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
290200 -- Energy Planning & Policy-- Economics & Sociology
294002* -- Energy Planning & Policy-- Petroleum
BUDGETS
ECONOMIC POLICY
GOVERNMENT POLICIES
INFLATION
INTERNATIONAL ORGANIZATIONS
OIL-EXPORTING COUNTRIES
OPEC