Questions about the ultimate size of mineral and energy resource endowments and the degree of fiscal prudence which should be exercised by countries engaged in resource extraction have become central for many developing countries during the recent resource boom. To explore these questions, this paper develops a model of optimal resource extraction and discovery that combines two polar assumptions: (i) that discovering a resource today drives up the...
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2013/06/01
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Documento de trabalho sobre pesquisa de políticas
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WPS6505
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1
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1
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2013/06/01
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Disclosed
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Resource discoveries, learning, and national income accounting
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proven reserve
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