Management of Oil Wealth Under the Permanent Income Hypothesis : The Case of São Tomé and Príncipe

The Case of São Tomé and Príncipe

Management of Oil Wealth Under the Permanent Income Hypothesis : The Case of São Tomé and Príncipe
This paper documents the protracted process of shaping the rules governing oil operations in São Tomé and Príncipe. It analyzes the institutional framework for oil sector development, which applies Milton Friedman's permanent income hypothesis to the management of oil resources. São Tomé and Príncipe is the first country in Africa to adopt this... READ MORE...

Publication date: July 2006
ISBN 9781451864434
$15.00

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