What Happens to the Permanent Fund Dividend and the Rest of Alaska’s Unique Fiscal System as Oil Production Continues to Fall?

Cliff Groh

Chapter Chapter 5 in Exporting the Alaska Model, 2012, pp 65-82 from Palgrave Macmillan

Abstract: Abstract The Permanent Fund Dividend (PFD) is the most unusual element of Alaska’s unique fiscal system. That system will confront special challenges as a government and economy organized around oil production face both fluctuations in the price of oil and a continuing fall in oil production in Alaska. Despite the popularity of dividends and the aversion to broad-based taxes in Alaska, the state’s fiscal structure will be difficult to maintain, particularly as Alaska’s oil production continues its decline from a peak reached more than 20 years ago.

Keywords: North Slope; Basic Option; Intergenerational Equity; Decline Curve; 49th State (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:etbchp:978-1-137-03165-5_5

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137031655

DOI: 10.1057/9781137031655_5

Access Statistics for this chapter

More chapters in Exploring the Basic Income Guarantee from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().