Natural Resource Revenue Management Strategies in Developing Countries: A Calibrated Macroeconomic Model for Uganda

  • Program -
  • Type Discussion paper
  • Date 24 December 2015
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Abstract

Recent natural resource discoveries in Eastern Africa provide an opportunity to boost economic development. However, this opportunity brings with it potential challenges in the form of ‘Dutch disease’ and, potentially, the ‘resource curse’. A companion paper to this report: Managing Macroeconomic Risks Arising from Natural Resource Revenues in Developing Countries: A review of the Challenges for East Africa sets out the current state of thinking on the issues of Dutch disease, resource curse, the applicability of the permanent income hypothesis (PIH) in populous, developing economies and the impact of absorptive capacity constraints.

Authors

Fakhri Hasanov

Fakhri Hasanov

Senior Principal- Energy Macro & Microeconomics Fakhri Hasanov is a senior principal and leads the KAPSARC Global Energy Macroeconometric Model projects with 20+ years of experience…

Fakhri Hasanov is a senior principal and leads the KAPSARC Global Energy Macroeconometric Model projects with 20+ years of experience in econometric modeling and forecasting. Since 2015, he has been involved in multistakeholder projects, leading and executing macroeconomic analysis of various policy choices and initiatives (e.g., energy prices, energy demand, and fiscal reforms) for the Kingdom’s economy. He has extensive experience working with policymakers. Prior to KAPSARC, he was a post-doc at George Washington University.

His research mainly covers macro-econometric modeling for energy and environmental economics policy analyses. Dr. Hasanov has authored 50+ applied studies published in reputable journals such as Energy Policy, Energy Economics, Empirical Economics, and Energy Strategy Review. His research is recognized internationally (e.g., he is listed among the top 2% of scientists globally by Elsevier). Fakhri is an editorial board member of various peer-reviewed journals, such as Frontiers in Environmental Science. He holds a Ph.D. in econometrics.

Expertise

  • Econometric modeling and forecasting
  • Time series and panel data econometrics
  • Macroeconometric models for policy analyses
  • Energy economics
  • Environmental economics.

Publications See all Fakhri Hasanov’s publications

Fred Joutz

Fred Joutz

Baltasar Manzano

Baltasar Manzano

Visiting Researcher- Energy Macro & Microeconomics Baltasar is an associate professor of economics at the University of Vigo and has been a visiting researcher at KAPSARC…

Baltasar is an associate professor of economics at the University of Vigo and has been a visiting researcher at KAPSARC since 2014. From 2005 to 2009, he served as an economic advisor to the president of Galicia. Baltasar has a Ph.D. in economics from the Universidad Complutense, Madrid  and has published extensively in academic journals, mainly focusing on the intersection of macroeconomics and energy.

Expertise

  • Energy and the Macroeconomy
  • Energy and the Environment
  • Dynamic Stochastic General Equilibrium Models
  • Public Economics and Optimal Policy

Publications See all Baltasar Manzano’s publications

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