Alberta Heritage Fund: Blessing Becoming Curse?

Allan A. Warrack
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Allan A. Warrack: School of Business, University of Alberta

No 1085, Information Bulletins from Western Centre for Economic Research

Abstract: The current paper examines the Alberta Heritage Savings Trust Fund (AHF). Has it been a blessing or a curse? Blessings are not automatic. Whether energy revenues become a curse, or not, depends on leadership and management. It seems to be especially difficult to prevent early blessings from lapsing into longer-term curses. Yet surely it is within human wit to sustain the blessings. From experience with the Alberta Heritage Savings and Trust Fund, and comparisons with the much more successful Alaska Permanent Fund, a set of lessons are offered.

Keywords: Heritage Fund; Alberta; Energy; Public Spending (search for similar items in EconPapers)
JEL-codes: H53 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2005-11, Revised 2005-11
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Published by Western Centre for Economic Research, Information Bulletin Series, #85.

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