G2TT
来源类型FEEM working papers "Note di lavoro" series
规范类型论文
Estimating the Value of Oil Capital in a Small Open Economy: the Venezuela's Example
Sara Aniyar
发表日期2003
出处Climate Change and Sustainable Development
出版年2003
语种英语
摘要The paper focuses in the calculation of the oil capital value in a small open economy depending on oil rents. The Venezuelan case is used as an example. In valuing the oil capital, two issues are recall and discuss: how should the exploration costs and the capital gains be treated? It is shown that the estimations vary significantly depending on which set of assumptions are made about the way to account for them and the assumptions made about how the economy functions. It is argued that during the studied period the value of the Venezuelan stock of oil capital has increased, and it has done so faster than the population.
关键词Venezuela,Oil Capital,Capital Gains,Exploration Costs,Property Rights
URLhttps://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/estimating-the-value-of-oil-capital-in-a-small-open-economy-the-venezuela-s-example/
来源智库Fondazione Eni Enrico Mattei (Italy)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/116937
推荐引用方式
GB/T 7714
Sara Aniyar. Estimating the Value of Oil Capital in a Small Open Economy: the Venezuela's Example. 2003.
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