In common with other oil exporters, Trinidad and Tobago reaped large windfall gains after 1973. Their use was heavily influenced by its distinctive political economy, and resulted in substantial weakening of its non-oil traded sectors (the 'Dutch disease'). Attempts to diversify through gas-based industrialization are not likely to replace shrinking oil income. This paper traces the relationship from political objectives to use of oil windfalls and the effects on the non-oil economy.
Details
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Author
Auty, Richard Gelb, Alan
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Document Date
1985/09/01
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Document Type
Departmental Working Paper
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Report Number
DRD131
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Volume No
1
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Total Volume(s)
1
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Country
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Region
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Disclosure Date
2010/07/01
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Disclosure Status
Disclosed
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Doc Name
Oil windfalls in a small parliamentary democracy : their impact on Trinidad and Tobago
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Keywords
gas;natural gas production;pattern of development;energy information administration;
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Citation
Auty, Richard Gelb, Alan
Oil windfalls in a small parliamentary democracy : their impact on Trinidad and Tobago (English). Development Research Department discussion paper ; no. DRD 131 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/809291468119634314/Oil-windfalls-in-a-small-parliamentary-democracy-their-impact-on-Trinidad-and-Tobago