Radoslaw Stefanski is an Assistant Professor at University of St Andrews. He was formerly an Assistant Professor at Laval University. His research interests include international trade, macroeconomics, growth and development, and natural resources.
Ghana has recently started producing oil from the offshore Jubilee field. This paper addresses the question of how Ghana should best harness these oil revenues. This is done in two sections. In the first, it considers whether Ghana should spend or save the windfall, comparing spending rules under a range of assumptions to the permanent income (PI) benchmark. On balance we...
1 Jun 2010 | Radoslaw Stefanski
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