van Wijnbergen, S.J.G. (1985). Optimal capital accumulation and the allocation of investment between traded and nontraded sectors in oil-producing countries. The Scandinavian Journal of Economics, 87(1):89----.
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Affiliated authorSweder van Wijnbergen
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Publication year1985
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JournalThe Scandinavian Journal of Economics
A paper on the optimal capital accumulation and allocation of investment in oil exporting countries. Investigates the basis of consumption and investment levels on optimizing forward-looking behavior, the role of physical capital in the production, the impact of the decline in oil revenues on the reallocation of capital into the traded goods sector.