Distribution and sustainable development in a natural resource-based economy

作者: Justine Ram

DOI:

关键词: Economic rentNatural resourceHuman capitalSustainabilityEconomyRevenueSustainable developmentEnergy subsidiesCurrent assetEconomics

摘要: There is still some ambiguity about what sustainable development. From an economic point of view it involves maintaining a stock assets for posterity that equal to or greater than the current generation. This basis capital approach To measure how economy is, based on development, multilateral institutions such as World Bank use wealth accounting combined with genuine savings well economies are saving future, net asset depreciation. These measures useful telling policy makers their policies contributing sustainability and whether development path. Although these tell which being depleted level required, they do not why inadequate investments might be occurring distributed among income groups within economy. also linked explicitly prospects country needs thesis attempts assess if distributional outcomes affect much countries save therefore this has any impact sustainability. examine distribution sustainability, case study Trinidad Tobago (T&T) conducted. T&T had negative savings rate most last two decades, primarily due excessive exploitation of its natural resources (oil gas) without sufficient reinvestment the revenues from resources. Has resource rents any impact outcomes? An attempt made answer questions by assessing how government expenditure who benefits The analyses contained show on energy subsidies, human overall distributions rents all regressively distributed.

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