Against the background that Natural Resource Revenue have not had any significant effect on Tax Revenue Capacity and Efforts in many a Developing Countries.

 

You are Required to Discuss the following Statement:

“It is shortage of resources, and not inadequate incentives, which limits the pace of economic development”. Nicholas Kaldor, 1963, p. 7.                                                             

In reference to the Ghana’s Petroleum Revenue Management Act (PRMA) evaluate the contemporary importance of the following:

• Public Interest and Accountability Committee (PIAC)
• Stabiliaation funds
• Heritage fund

Answer rating: 100% (QA)

Possibly more than any other active economist in the post war generation Nicholas Kaldor acknowledged the peripheral finance to development Kaldor bel... View the full answer