Abstract

CASTANEDA, Alejandro  and  VILLAGOMEZ, F. Alejandro. Fiscal Petroleum Income and Optima Provision of Public Goods. Inv. Econ [online]. 2008, vol.67, n.265, pp.15-60. ISSN 0185-1667.

This paper deals with the fiscal implications of a stabilization fund that allows for a stable consumption over time, in particular in the case of an oil producing and exporting country like Mexico. We discuss the functioning of an oil stabilization fund based on international experience and the Mexican experience. We present a model of optimal fiscal policy in the context of a country with important revenues generated by an exhaustible resource such as oil.

Keywords : oil stabilization fund; optimal fiscal policy; oil revenues.

        · abstract in Spanish     · text in Spanish     · Spanish ( pdf )