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Exogenous Oil Shocks And The Fiscal Policy Response In Oil-Exporting Countries: Evidence From Libya, Issa Saleh Ali, Charles Harvie
Exogenous Oil Shocks And The Fiscal Policy Response In Oil-Exporting Countries: Evidence From Libya, Issa Saleh Ali, Charles Harvie
Faculty of Business - Papers (Archive)
The downtrend in oil prices beginning in 2014 represents a challenge for smallopen developing and exporting economies like Libya. This stems from the importance of government revenue generated from the natural resource sector in financing government consumption and investment expenditures as well as capital imports. The dependency on the natural resource sector and a relatively weak non-natural-resource tax base renders fiscal positions highly challenging in oil exporting countries. As more than 90 percent of Libya's government revenue is generated from the oil sector, the budget components are the most influenced by oil-related shocks. Transitory oil price increases, especially after 2000, …
Progressive Australian Views Will Win Out Over Parochial Foreign Policy White Paper, George Mickhail
Progressive Australian Views Will Win Out Over Parochial Foreign Policy White Paper, George Mickhail
Faculty of Business - Papers (Archive)
No doubt, Australia's parochial anxieties about China in its recent Foreign Policy White Paper stem from a Eurocentric establishment with entrenched "Cold-War" era views about international relations and fantasies about preserving a bygone legacy of Anglo-American hegemony.