Academic literature on the topic 'Oil revenue'

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Journal articles on the topic "Oil revenue"

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Raifu, Isiaka Akande, and Abiodun Najeem Raheem. "Do Government Revenues Matter for Economic Growth? Evidence from Nigeria." European Journal of Government and Economics 7, no. 1 (2018): 60. http://dx.doi.org/10.17979/ejge.2018.7.1.4333.

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The bursting of crude oil prices in the international market since mid-2014 has resulted in dwindling oil revenue, which has led to economic recession in Nigeria. The recession has further exacerbated existing socioeconomic problems bedeviling the country. In the light of this, we examined the effect of government revenues (oil and non-oil revenues) on economic growth, both in the short-run and the long-run using autoregressive distributed lag method. Our findings show that government revenues are indispensable to economic growth in Nigeria. In addition, we found that economic growth is more r
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Atem, Paul Gal. "Management and Improvement of Non-Oil Revenues in South Sudan." International Journal of Economic Policy 5, no. 1 (2025): 84–102. https://doi.org/10.47941/ijecop.2492.

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Purpose: The study looked at the management and improvement of non-oil revenue collection band mobilization on public financial management, as well as the obstacles that non-oil revenue collection faces in South Sudan. Non-oil revenues face several challenges, ranging from ineffective service delivery due to non-oil revenue collection. The key goal was to determine the management of non-oil revenue collection, develop public financial control and examine mechanisms for dealing with non-oil revenue collection issues, and ensure effective and consistent management of non-oil resources under Sout
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OGUNGBADE, Oluyinka Isaiah, Alani Olusegun EFUNTADE, and Olubunmi Omotayo EFUNTADE. "Causality among Oil Revenue, Non-Oil Revenue, Fiscal Risk Factors and Budget Execution Phase in Relation to Debt Overhang and Crowding-Out Theories: Contending Gap Issues." WORLD JOURNAL OF FINANCE AND INVESTMENT RESEARCH 6, no. 1 (2023): 83–101. http://dx.doi.org/10.56201/wjfir.v6.no1.2022.pg83.101.

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We reviewed literatures on the complex causality among oil revenue, non-oil revenue, fiscal risk factors and budget execution phase in relation to debt overhang and crowding-out theory. The majority of papers surveyed study on investigated the long-run and short-run relationship between fluctuations of oil price ; direction of causality between total revenue and total government spending ; the dynamics of the tax revenue and expenditure nexus, explored the impact of oil prices volatility on the key factors of the government budget, analyse the relationship between public expenditure and debt —
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Bouyacoub, Brahim. "Examining the Volatility of Oil Revenue and its Impact on Algeria’s Macroeconomic Stability." Folia Oeconomica Stetinensia 25, no. 1 (2025): 73–94. https://doi.org/10.2478/foli-2025-0004.

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Abstract Research background Algeria heavily relies on its oil revenues, being one of the leading crude oil producers in Africa and a key member of OPEC. This dependency exposes its economy to the volatility of oil prices in international markets, which can have significant repercussions on its macroeconomic stability. Understanding these challenges and analyzing their impacts are essential for formulating appropriate public policies. Purpose The main objective of this study is to understand the impact of oil revenue volatility on Algeria’s macroeconomic stability from 1980 to 2023 and to form
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EFUNTADE, Olubunmi Omotayo, and Alani Olusegun EFUNTADE. "Global Crude Oil Price, Oil Revenue and Economic Performance: Dutch Disease Hypothesis." INTERNATIONAL JOURNAL OF ECONOMICS AND FINANCIAL MANAGEMENT 8, no. 1 (2023): 30–47. http://dx.doi.org/10.56201/ijefm.v8.no1.2023.pg30.47.

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The purpose of this paper is to give a general understanding of the global crude oil price, oil revenue and economic performance vis-à-vis Dutch disease proposition. This work explores the relationship between the price of crude oil and its oil revenue generation on the regions of the Organization of the Petroleum Exporting Countries (OPEC) and non-Organization of the Petroleum Exporting Countries (non-OPEC). The crude oil price has recently been ?uctuating greatly that it cannot be predicted; this ?uctuation causes changes in the oil revenues, thus affecting the economy worldwide. To better u
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Kwon, Goohoon. "Post-Crisis Fiscal Revenue Developments in Russia: From An Oil Perspective." Public Finance and Management 3, no. 4 (2003): 505–29. http://dx.doi.org/10.1177/152397210300300405.

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This paper examines the level and trend of fiscal revenues in Russia in the post-crisis period, focusing on the oil sector's contribution to higher tax revenues and the role of tax reforms. We estimate that about 80 percent of the total post-crisis gains (about 5 percentage points of GDP) in the revenue of the general government came from the oil sector. Although effects of tax reforms and oil prices are difficult to disentangle empirically, our detailed tax-by-tax study indicates that high oil prices accounted for most of the revenue gains; tax reforms played a secondary role by making the ta
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OMODERO, Cordelia Onyinyechi. "A RELATIVE ASSESSMENT OF THE CONTRIBUTIONS OF AGRICULTURE, OIL AND NON-OIL TAX REVENUES TO NIGERIA’S ECONOMIC EXPANSION." Annals of Spiru Haret University. Economic Series 19, no. 2 (2019): 139–52. http://dx.doi.org/10.26458/1927.

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The decline in oil prices globally has led to diversification of economy in most oil enriched countries. In Nigeria, more attention is given to agriculture and non-tax revenue sources to ensure that the country overcomes a mono-economy syndrome which has affected the nation in the past. This study assesses the contributions of agriculture, oil and non-oil tax revenue to economic expansion in Nigeria using data that cover a period from 1981 to 2017. The regression results indicate that oil revenue has a significant negative impact on economic growth which is represented by gross domestic produc
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Usman, Abdullahi Ya’u. "Sectoral Analysis of Oil and Non-Oil Tax Contributions in Nigeria and their Implications for Economic Diversification." International Journal of Latest Technology in Engineering Management & Applied Science 14, no. 2 (2025): 223–35. https://doi.org/10.51583/ijltemas.2025.14020025.

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This study examines the sectoral contributions of oil and non-oil tax revenues in Nigeria and their implications for economic diversification. Given Nigeria’s historical dependence on oil tax revenues, the volatility of global oil markets has raised concerns about fiscal sustainability. Using Generalized Least Squares (GLS) regression, Vector Autoregression (VAR) models, and Cointegration Analysis, this research evaluates the relationship between tax revenue composition and economic diversification over the period 2010–2021. The findings indicate that non-oil tax revenues have a stronger and m
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Osam Aref Hamzeh. "Oil Dependency and Fiscal Policy in Iraq: Insights from a Time-Varying Parameter Model." Communications on Applied Nonlinear Analysis 32, no. 8s (2025): 240–51. https://doi.org/10.52783/cana.v32.3668.

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This research examines the relationship between oil revenue growth and government expenditure growth in Iraq from January 2010 to December 2023 using the Bayesian Time-Varying Parameter Vector Autoregression (TVP-VAR) method. The findings reveal a significant positive correlation between oil revenues and government spending, with government expenditures responding to increases in oil revenues with a time lag. However, the influence of oil revenues on government spending diminishes over successive periods, suggesting a potential stabilization or shift in fiscal priorities. Given the volatile na
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Ologbenla (Phd), Patrick,. "Revenue Mobilization and Economic Growth in Nigeria, 1990-2022." International Journal of Research and Innovation in Social Science VIII, no. IX (2024): 2137–49. http://dx.doi.org/10.47772/ijriss.2024.8090177.

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This study investigates the impact of revenue mobilization on economic growth in Nigeria, focusing on both oil and non-oil revenues. Using annual time series data from 1990 to 2022, the research employs descriptive and inferential statistical methods to analyze key economic variables including GDP, gross capital formation, labor force, non-oil and oil revenues, inflation, and exchange rates. The findings of the study reveal that non-oil revenue and gross capital formation have significant positive effects on GDP both in the short and long run. Conversely, variables such as exchange rate, labor
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Dissertations / Theses on the topic "Oil revenue"

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Mouan, L. "Governing Angola's oil sector : the illusion of revenue transparency?" Thesis, Coventry University, 2015. http://curve.coventry.ac.uk/open/items/44d3c08f-2d59-4d1a-8ffa-769aa18c7232/1.

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How has oil revenue transparency been institutionalised in the developing world, why and to what effects?And what explains the outcomes of such processes? These are the main questions this dissertation will seek to answer using as its case study Angola, Africa's second largest oil producer and a key case at the centre of global demands for oil revenue transparency in the sub-region.
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Olfati, Ronak. "The Impact of Oil Revenue on the Iranian Economy." Thesis, University of Bradford, 2018. http://hdl.handle.net/10454/16834.

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This study aims to identify the effects of oil income on economic growth in Iran over the period 1955-2014. The empirical literature indicates that countries with natural resources are growing more slowly than their counterparts. However, the results from this literature are far from conclusive, particularly in regard to the role played by oil-rich countries. Needless to say, this role depends on other factors as well, including the political situation in the country, the quality of institutions, and the efficacy of the financial system. Some empirical research has found that natural resources
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Wahba, Jackline. "Three essays on economic development, oil and labour migration." Thesis, University of Southampton, 1994. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.239883.

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Alkhelaiwi, Khalid S. "The impact of oil revenue fluctuations on the Saudi Arabian economy." Thesis, Durham University, 2001. http://etheses.dur.ac.uk/1590/.

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Arman, Sayyed Aziz. "Macroeconomic adjustments and oil revenue fluctuations : the case of Iran 1960-1990." Thesis, University of Newcastle Upon Tyne, 1998. http://hdl.handle.net/10443/335.

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In an oil exporting developing country the issue of how to stabilise the domestic economy from oil market volatilities has been a big concern for both scholars and policy makers during the last two decades. Modelling the behaviour of key arguments involved in the transmission mechanism of oil revenues into the domestic economy is a necessary introduction to dealing with this problem. On the specification point of view, previous empirical works in this area show little concern over a process that takes the variables back to their steady state positions. This leaves long run equilibrium values o
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Nwachukwu, Ijeoma Ogechi. "Relationship Between Oil Theft, Pipeline Vandalism, and Security Costs With Revenue Losses." ScholarWorks, 2017. https://scholarworks.waldenu.edu/dissertations/4398.

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The oil and gas multinational companies (MNCs) in the Niger Delta continue to face numerous challenges operating in the region, especially concerning the loss of revenue. Based on the resource dependence theory, the purpose of this correlational study was to examine the relationship between oil theft, pipeline vandalism, security costs, and revenue. Eighty-eight mid- to high-level managers of oil and gas completed the Factors That Affect Company Revenue instrument. The results of the multiple linear regression analyses indicated the model was able to significantly predict revenue, F(3,88) = 94
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Zamani, Ali. "Oil revenue fluctuations, institutions and the stabilizer fund in Iran : an empirical investigation." Thesis, Kingston University, 2016. http://eprints.kingston.ac.uk/37992/.

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Musawa, Idris Abubakar. "Challenges facing government revenue from the Nigerian oil industry : a system dynamics approach." Thesis, University of Bedfordshire, 2016. http://hdl.handle.net/10547/610604.

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Extractive industries (including oil, gas and mining) generally afford an opportunity for the host government to generate the revenue to fund sustainable growth and development. It is therefore not surprising for conventional economic theory to suggest this is a readily available revenue source for resource blessed countries. However, contrary to this reasonable expectation, several of these economies were found to be suffering a financial handicap. Nigeria, despite being the largest crude oil producer in Africa and the tenth largest in the world, has so far found realising the full financial
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Prokop, Michaela Alexandra Kerstin. "Political economy of fiscal crisis in a rentier state : case study of Saudia Arabia." Thesis, Durham University, 1999. http://etheses.dur.ac.uk/1473/.

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Masan, Saleh S. S. "Oil and macroeconomic policies and performance in Oman." Thesis, Loughborough University, 2016. https://dspace.lboro.ac.uk/2134/23320.

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This thesis investigates the relationship between oil revenue and macroeconomic policies and performance in Oman. The thesis contains five empirical chapters along with introduction, literature review and conclusion. The first empirical chapter looks into the dynamic relationship between oil revenue, government spending and economic activities. The results indicate oil revenue has immediate and significant impact on both the country s GDP and the government expenditure. The government expenditure also has significant impact on the GDP. The second empirical chapter examines the validity of the
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Books on the topic "Oil revenue"

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Agbejule, T. A. O. Collection of oil revenue in Nigeria. Nigerian National Petroleum Corp., 1987.

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Ahmad, Etisham. Oil revenue assignments: Country experiences and issues. International Monetary Fund, Fiscal Affairs Department, 2002.

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Salvatore, Lazzari, and Library of Congress. Congressional Research Service, eds. Oil import taxes: Revenue and economic effects. Congressional Research Service, Library of Congress, 1986.

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Library of Congress. Congressional Research Service, ed. OCS revenue sharing. Congressional Research Service, Library of Congress, 1991.

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Udeh, John. Maximising the benefits of Nigeria's oil wealth. Foundation for Social alnd Economic Reform (FOSER), 2005.

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Gault, John C. The Alaska Petroleum Revenue Forecast System. The Department, 1988.

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Library of Congress. Congressional Research Service., ed. Outer continental shelf: Oil and gas leasing and revenue. Congressional Research Service, Library of Congress, 2000.

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Library of Congress. Congressional Research Service., ed. Outer continental shelf: Oil and gas leasing and revenue. Congressional Research Service, Library of Congress, 1999.

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Library of Congress. Congressional Research Service., ed. Outer continental shelf: Oil and gas leasing and revenue. Congressional Research Service, Library of Congress, 2000.

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Fineberg, Richard A. Oil and gas revenue disputes: Status report and recommendations. The Legislature, 1990.

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Book chapters on the topic "Oil revenue"

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Oyovbaire, S. Egite. "The Politics of Revenue Allocation." In Soldiers and Oil. Routledge, 2023. http://dx.doi.org/10.4324/9781003438151-12.

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Stephens, Thomas Kojo. "Petroleum Revenue Management in Ghana1." In Upstream Oil and Gas in Ghana. Routledge, 2023. http://dx.doi.org/10.4324/9781003380849-10.

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Mann, Yossi. "The Global Oil Market and the Status of the Suez Canal." In Palgrave Studies in Maritime Politics and Security. Springer International Publishing, 2023. http://dx.doi.org/10.1007/978-3-031-15670-0_5.

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AbstractThe Suez Canal has played a significant role in the economic history of the Middle East. It is an important source of revenue for Egypt and a conduit for the commodity that is identified more than any other with the nations of the region: oil. The most traded commodity in the world is considered a mainstay of the Suez Canal’s revenue, constituting about 20% of the goods transferred through it. Despite its role as an important conduit of oil, geopolitical events, and international economic crises have undermined the Suez Canal’s international status. This chapter aims to describe the re
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Ali-Nakyea, Abdallah, and Nasir Alfa Mohammed. "Taxation of Oil and Gas Revenue in African Countries." In Taxation and Management of Natural Resources in Africa. Springer Nature Switzerland, 2024. http://dx.doi.org/10.1007/978-3-031-58124-3_8.

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Sovacool, Benjamin K. "Prudence and São Tomé e Príncipe’s Oil Revenue Management Law." In Energy & Ethics. Palgrave Macmillan UK, 2013. http://dx.doi.org/10.1057/9781137298669_6.

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Haghighat-Sordellini, Elhum. "Labor Migration, Oil Revenue, and their Impact on Women’s Employment." In Women in the Middle East and North Africa. Palgrave Macmillan US, 2010. http://dx.doi.org/10.1057/9780230110083_8.

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Elmulthum, Nagat, Abda Abdalla Emam, and Heba Althawaini. "The Impact of Oil Revenue on Food Security in Saudi Arabia." In Food and Nutrition Security in the Kingdom of Saudi Arabia, Vol. 2. Springer International Publishing, 2024. http://dx.doi.org/10.1007/978-3-031-46704-2_3.

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Arhian, V. S., S. H. Murti, and E. Baliarti. "Optimizing the use of revenue sharing funds from palm oil to enhance governance and environmental quality of sustainable palm oil plantations." In Technological Innovations in Tropical Livestock Development for Environmental Sustainability and Food Security. CRC Press, 2024. http://dx.doi.org/10.1201/9781003468943-28.

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Skalamera, Morena. "A ‘Steppe’ into the Void: Central Asia in the Post-oil World." In SpringerBriefs in Climate Studies. Springer Nature Switzerland, 2023. http://dx.doi.org/10.1007/978-3-031-29831-8_7.

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AbstractKazakhstan, Turkmenistan and Uzbekistan are petrostates and therefore trapped by the global energy transition. This chapter delves into the nexus between the effects of the energy transition, international stability and regime stability in Central Asia’s fossil-fuel dominated economies—a nexus of increasing theoretical and policy relevance as we enter a post-oil era in world politics. The Central Asian hydrocarbon producers are torn between their own aspirations to shift to a low-carbon economy and the vested interests of their elites, which are embedded in fossil-fuel dependency. Desp
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Obi, Cyril. "Nigeria: The Role of Civil Society in the Politics of Oil Governance and Revenue Management." In Public Brainpower. Springer International Publishing, 2017. http://dx.doi.org/10.1007/978-3-319-60627-9_12.

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Conference papers on the topic "Oil revenue"

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Baidya, Dibyajyoti, Mani Bhushan, and Sharad Bhartiya. "Revenue Optimization for Dynamic Operation of a Hybrid Solar Thermal Power Plant." In The 35th European Symposium on Computer Aided Process Engineering. PSE Press, 2025. https://doi.org/10.69997/sct.162131.

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Solar Thermal Power Plants (STPPs) use solar energy for large-scale electricity production but face significant operational challenges. These include variations in solar radiation, cloud cover, electricity demand fluctuations, and the need for frequent shutdowns if energy storage is inadequate. Deciding an optimal STPP operating conditions is challenging due to these factors. While revenue maximization has been used as an objective in existing literature, current models are often static and fail to capture the dynamic nature of STPPs. In contrast, this work proposes a dynamic model-based reven
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Bronk, John M., Robert Polance, Doug Smith, et al. "Development of New Coating Systems for High Erosion Environments." In CONFERENCE 2023. AMPP, 2023. https://doi.org/10.5006/c2023-19184.

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Abstract High performance coatings are required to protect oil and gas piping assets globally. Failure of these assets due to erosion and/or corrosion can lead to significant revenue losses and downtime. When new oil wells are opened, a significant volume of fluids and solids are transported at high velocities though these lines. Oil well head temperatures approaching 50°C+ contain high H2S and/or CO2 concentrations at pressures exceeding 500 psi which pose unique challenges for existing coating systems. These factors challenge current coating properties/performance and require testing analogo
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Stubelj, Ivan Ruiz, and Attila Gajdacsi. "Upstream Digital Transformation through Corrosion, Erosion, and Sand Monitoring." In CORROSION 2021. AMPP, 2021. https://doi.org/10.5006/c2021-16410.

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Abstract Corrosion and erosion are undesirable by-products of Oil & Gas extraction activities, and one of the main concerns of production engineers. Gravel pack, sand screens, as well as costly chemical injection interventions require investments worth millions of dollars. Unfortunately, corrosion and uncontrolled sand production still generate loss of containment events in upstream activities, forcing operators to set conservative production rates due to the lack of accurate and easy-to-interpret information. To remain profitable in the Oil & Gas market, operators realize that deliver
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Parveen, Tabassum. "Qatari Oil Revenue and Economic development." In Qatar Foundation Annual Research Conference Proceedings. Hamad bin Khalifa University Press (HBKU Press), 2018. http://dx.doi.org/10.5339/qfarc.2018.eepd1090.

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Hacıoğlu Deniz, Müjgan, and Kutluk Kağan Sümer. "The Effects of Oil Price Volatility on Foreign Trade Revenue and National Income: A Comparative Analysis on Selected Eurasian Economies." In International Conference on Eurasian Economies. Eurasian Economists Association, 2015. http://dx.doi.org/10.36880/c06.01362.

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The aim of this study is to identify the effects of the volatility of oil prices and exchange rates on foreign trade revenue of a few selected Eurasian Economies. These countries are oil and natural gas exporting countries and getting most of their trade revenue from exporting these commodities. The effects of sharply falling oil prices since June 2014 and depreciating exchange rates on these countries’ external trade were analyzed by using alternative econometric models. The sample of this analysis covered the period from June 2014 when oil prices has started falling sharply – till June 2015
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Arslan, O., C. D. White, and A. K. Wojtanowicz. "Maximum Revenue for Oil Wells WithOptimized Downhole Water Drainage." In Canadian International Petroleum Conference. Petroleum Society of Canada, 2005. http://dx.doi.org/10.2118/2005-197.

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Suleman, Shafic, Godfred Kwaku Ennin, Omowumi Iledare, and Constantine Kojo-Mawenena Kudzedzi. "Impact of Crude Oil Price Volatilities on Petroleum Revenue Collection and Allocation in Ghana." In SPE Nigeria Annual International Conference and Exhibition. SPE, 2023. http://dx.doi.org/10.2118/217257-ms.

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Abstract The abundance of resources is a blessing, but the price volatility of those resources is a curse (Luciani, 2011). Price variations and its corresponding impact on petroleum revenues is of great importance to industry players. This study adopted a quantitative approach to analyse secondary data collected from multiple sources including Public Interest and Accountability Committee (PIAC), Bank of Ghana and not limited to the Ministry of Finance to examine the extent to which crude oil fluctuations influence petroleum revenue collection and allocation in Ghana. The main statistical metho
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Oyedele, O., and M. Nuhu. "Impact of Oil Revenue on Property Market Dynamics in Nigeria." In 18th African Real Estate Society Conference. African Real Estate Society, 2018. http://dx.doi.org/10.15396/afres2018_143.

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Efimova, A. V. "TAX ON SUPPLEMENTARY REVENUE IN THE OIL INDUSTRY OF RUSSIA." In All-Russian Youth Scientific Conference with the Participation of Foreign Scientists Trofimuk Readings - 2021. Novosibirsk State University, 2021. http://dx.doi.org/10.25205/978-5-4437-1251-2-228-230.

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This paper provides an analysis of the feasibility of introducing a tax on supplementary revenue. Based on the model of an investment project for the development of a field in Eastern Siberia using a scenario approach, the effectiveness of the new tax system for the government and oil producing companies has been assessed. On the basis of the data obtained, it was revealed that the additional income tax has a number of advantages, but also creates new risks for the state and companies.
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Edem, Michael, Okechukwu Nwankwo, and Mutiu Amosa. "The National Oil And Gas Excellence Centre – Driving Safety, Cost Efficiency, Value Addition And Sustainability In Harnessing Oil And Gas Resources In Nigeria." In SPE Nigeria Annual International Conference and Exhibition. SPE, 2022. http://dx.doi.org/10.2118/211917-ms.

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Abstract The Nigerian oil and gas industry is the mainstay of the economy generating over 70% of government revenues and over 90% of foreign exchange earnings. Despite the value additions, the industry is plagued with challenges some of which are declining oil production and revenue, aging assets, insecurity in oil and gas assets, high production costs in the upstream sector and safety of assets and personnel. To tackle these challenges, accelerate growth and increase competitive advantage in the industry, the National Oil and Gas Excellence Centre (NOGEC) was established on 21st January 2021.
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Reports on the topic "Oil revenue"

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Perry, Guillermo, and Sebastián Bustos. The Effects of Oil and Mineral Taxation on Non-commodity Fiscal Revenues. Inter-American Development Bank, 2012. http://dx.doi.org/10.18235/0011408.

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This paper shows, first, that non-commodity revenues are more volatile in oil- and mineral-rich countries and that quality of institutions is associated with lower volatility. We investigate the channels through which oil and mineral revenue volatility lead to non-commodity revenues volatility, and find that when oil and fiscal revenues increase (decrease), non-commodity revenues are reduced (increased) discretionally, and that this substitution effect is larger and faster than an indirect positive income effect through increased public expenditures and GDP. Latin American oil- and mineral-ric
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Karanfil, Fatih, and Luc Desire Omgba. The Energy Transition and Export Diversification in Oil-Dependent Countries: The Role of Structural Factors. King Abdullah Petroleum Studies and Research Center, 2023. http://dx.doi.org/10.30573/ks--2022-dp21.

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The energy transition toward decarbonization is expected to impact producers of fossil fuels. However, oil-exporting countries are currently key players in the modern economy. Thus, the energy transition will not be successful if state revenues in these countries are not stably maintained. These countries can protect themselves against revenue volatility and mitigate carbon risk by diversifying their economies. However, export diversification appears to be particularly challenging for many oil-producing countries.
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Durand-Lasserve, Olivier, and Fatih Karanfil. Fiscal Policy in Oil and Gas-Exporting Economies: Good Times, Bad Times and Ugly Times. King Abdullah Petroleum Studies and Research Center, 2023. http://dx.doi.org/10.30573/ks--2023-dp11.

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Revenues from oil and gas exports represent an important source of government budgets in some emerging countries. At the same time, these revenues fluctuate considerably due to changing global economic conditions and energy prices. Economic theory prescribes that governments should try to stabilize their economies by saving windfall oil and gas revenues and spending them in periods of price downturns. However, oil- and gas-exporting countries often run procyclical policies, that is, they increase spending during windfall periods and reduce it in the event of a shortfall, which may result in se
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Newell, Richard, and Daniel Raimi. Oil and Gas Revenue Allocation to Local Governments in Eight States. National Bureau of Economic Research, 2015. http://dx.doi.org/10.3386/w21615.

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Gonzáles-Castillo, Alberto, and Rolando Ossowski. Manna from Heaven: The Impact of Nonrenewable Resource Revenues on Other Revenues of Resource Exporters in Latin America and the Caribbean. Inter-American Development Bank, 2012. http://dx.doi.org/10.18235/0011400.

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This paper examines the impact of the availability of fiscal revenues from nonrenewable resources on other revenues of Latin American and Caribbean resource-exporting countries. It compares the performance of nonresource revenues in these countries to that in other countries in the region. The effect of resource revenue on nonresource revenue is found to be negative and statistically significant, with structural breaks both over time and across countries. Nonresource revenues have risen considerably, but they are still lower on average than in comparator countries, and the wedge between both g
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Khadan, Jeetendra. An Econometric Analysis of Energy Revenue and Government Expenditure Shocks on Economic Growth in Trinidad and Tobago. Inter-American Development Bank, 2016. http://dx.doi.org/10.18235/0011776.

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Energy revenues represent roughly 45 percent of Trinidad and Tobago's GDP and are highly volatile since they are correlated with the price of oil and gas. Hence, sharp changes in energy prices, whether temporary or sustained, can have important consequences for economic growth and overall macroeconomic performance. After the 2014 crash in oil prices, a key challenge that emerged for policymakers in hydrocarbon-exporting countries is how to manage fiscal retrenchment in an environment of subdued growth. Using structural vector autoregression, this article examines three questions related to thi
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Le Fort V., Guillermo. Structural Fiscal Policy in an Oil-Based Economy: A Proposal for Trinidad and Tobago. Inter-American Development Bank, 2013. http://dx.doi.org/10.18235/0006962.

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This paper presents an estimation of the structural fiscal balance for Trinidad and Tobago, and discusses the current situation of the country in meeting the preconditions for the establishment of a structural fiscal balance target. The authors makes some recommendations, which include a budgeting process that is centralized in the ministry of finance and in which the political discussions is focused on the composition of spending and associated priorities, rather than on the level of spending. The level of total spending should be defined using a macroeconomic framework that provides a founda
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Readhead, Alexandra, Alexandra, Daniel Mulé, and Anton Op de Beke. Examining the Crude Details: Government audits of oil and gas project costs to maximize revenue collection. Oxfam, 2018. http://dx.doi.org/10.21201/2018.3590.

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Winkler-McCue, Erin. Issues in State Modernization in Ecuador. Inter-American Development Bank, 2006. http://dx.doi.org/10.18235/0008532.

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Ecuador's current political economy is largely a product of the boom that took place in the country's oil sector in the early 1970s. The pressure of heightened revenue flows created an oil-exporting factional democracy, and a dichotomy between policies focused on minimizing the pitfalls of natural resource rents (widespread corruption, Dutch disease, etc.) and individual actors driven to maximize their profits. Today, these pressures continue to mount for the country and in the face of significant positive growth indicators.
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Remi Aiyede, Emmanuel. Agricultural Commercialisation and the Political Economy of Cocoa and Rice Value Chains in Nigeria. Institute of Development Studies (IDS), 2021. http://dx.doi.org/10.19088/apra.2021.005.

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Nigeria has sought to diversify its economy away from dependence on oil as a major source of government revenue through agricultural commercialisation. Agriculture has been a priority sector because it has very high growth potential and the greatest potential for employment and export revenue. The cocoa and rice value chains are central to the government’s engagement with agriculture to achieve these objectives. This paper sets out to investigate the underlying political economy dynamics of the commercialisation of the cocoa and rice value chains in Nigeria in terms of smallholder farm househo
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