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Stabilization Fund: Foreign and Russian Experience
https://doi.org/10.32609/0042-8736-2006-2-28-45
Abstract
The article substantiates the necessity of non-renewable resources funds creation in oil exporting countries. It also provides the analysis of results and specific features of fiscal policy as well as of oil export windfall revenues allocation in countries dependent on fluctuations of non-renewables prices. The article contains Russia’s Stabilization Fund effectiveness assessment and provides guidelines for further improvement of its mechanism.
References
1. ИЭПП. Перспективы создания стабилизационного фонда в России. М., 2001.
2. Davis J.M., Ossowski R., Fedelino А. Fiscal Policy Formulation and Implementation in Oil-Producing Countries/IMF. 2003.
3. EIA. Annual Еnergy Оutlook. Washington, DC: U.S. Department of Energy, Energy Information Administration, 2005. December.
4. IEA. World Еnergy Оutlook. Paris, 2005. November.
5. IMF. Oil Market Developments and Issues. Washington, DC, 2005. March 2.
6. IMF. Regional Economic Outlook. Washington, DC, 2005. September.
Review
For citations:
Kudrin A. Stabilization Fund: Foreign and Russian Experience. Voprosy Ekonomiki. 2006;(2):28-45. (In Russ.) https://doi.org/10.32609/0042-8736-2006-2-28-45
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