A Sketch of an Evaluation

Ole Bjørn Røste
Additional contact information
Ole Bjørn Røste: Norwegian University of Science and Technology

Chapter Chapter 7 in Norway’s Sovereign Wealth Fund, 2021, pp 209-250 from Springer

Abstract: Abstract To evaluate is to judge outcomes, often within a policy framework. This chapter is on what Norway has to show for her windfall resource gains, which is at least the GPF-G. How well has one done under the circumstances? Windfall gains from oil set in train mechanisms that countries differ in their ability to address. Norway had developed good institutions before the oil was discovered. Social democrats with frugal spending attitudes ruled for decades based on majorities in Parliament. The 1970s saw infrastructure investments, partly financed by debt. The SWF signaled a net asset position from the 1990s: When debts were paid off, both oil production and prices soared. An opportunity to invest heavily was seized by the government. There are no signs of low growth due to resource curse. However, fiscal populism is present, and spending habits have changed. The wealth may have changed Norwegians. Many things could still go wrong. Perhaps most fundamentally, government spending could take off.

Date: 2021
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:spr:nrmchp:978-3-030-74107-5_7

Ordering information: This item can be ordered from
http://www.springer.com/9783030741075

DOI: 10.1007/978-3-030-74107-5_7

Access Statistics for this chapter

More chapters in Natural Resource Management and Policy from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().