This paper describes a long-term optimal growth model for Egypt, focusing on issues of investment allocation, optimal saving and foreign borrowing, extraction of natural resources and shadow pricing. All sectors of the economy other than oil and gas are aggregated into non-traded or traded goods; only the latter can substitute for imported goods. Oil and tradeable goods can be exported, although the latter faces a downward sloping demand curve. The...
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INFORMATION
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1984/01/31
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Document de travail des services de la Banque mondiale
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SWP622
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1
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1
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2010/07/01
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Policy analysis of shadow pricing, foreign borrowing, and resource extraction in Egypt
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gas
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