This paper contributes to the growing political economy literature of within-country natural resources management, by proposing a new resource policy for the oil-rich southern Italian region of Basilicata. The policy proposal is to establish a (regional) wealth fund in which all the royalty revenues from non-renewable natural resource exploitation in Basilicata would be stored and fully convert...

abstract the present study attempted to experimentally analyze the effect of fiscal illusion in the form of flypaper effect on spending demand levels of provincial governments in iran. to this aim, theoretical foundations and literature review were presented, and then the model used for investigation was specified. finally, using time series data for provinces of iran during 2000-2013 estimatio...

oil-exporting economies largely dependent on oil revenues and oil income fluctuation are one of the most important factors that influence sectors of the economy specially the stock market. this paper investigate the relationship between oil markets and stock return volatility and transmission in a selection of opec countries, using a multivariate garch models (full-vech) over the period may 201...

What can be done to resolve the seemingly endless conflict in Sudan ? A nation of 36 million people, wracked by conflict for 34 of the last 45 years, it has generated some 4 million displaced people during the course of its war. It is estimated that over two million Sudanese people have died as a result of fighting and related starvation and disease. According to the International Crisis Group,...

This article examines the intermingling of national security and oil supply in Finland through Finnish policy, 1948–1992. During Cold War, built its economy based on Soviet instead diversity multilateral cooperation. That was closely related to overarching War policy that prioritised political economic relations with Union, referred as finlandisation. The scrutinises ubiquitous influence societ...

From 1997 through 2003, the UN Oil for Food Program allowed Iraq to export oil for humanitarian supplies. We hypothesize that Iraq deliberately set the price of its oil below market prices to solicit bribes from oil buyers. By comparing the price gap between Iraqi oil and its close substitutes during the Program to the gap prior to the Program, we find evidence of significant underpricing. Our ...

Soybean oil production is the basic process for soybean applications. Cash flow analysis is used to estimate the profitability of a manufacturing venture. Besides capital investments, operating costs, and revenues, the interest rate is the factor to estimate the net present value (NPV), break-even points, and payback time; which are benchmarks for profitability evaluation. The positive NPV and ...

Local governments in the United States typically rely on several main sources of own-source revenues, including individual income taxes, general sales taxes, specific excise taxes, fees and charges, and local property taxes. Of these sources, the dominant is by far the property tax. According to the United States Census Bureau (http://www.census.gov/govs/estimate), local property taxes accounte...