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September 10, 2025Review of Development EconomicsOpen Access

Permanent Revenue in an Energy‐Exporting Economy: A New Test for Fiscal Equilibrium

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Authors

ARAkeem RahamanSMScott M. R. Mahadeo

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Overview

This analysis tests fiscal equilibrium by integrating permanent revenue and expenditures in Trinidad and Tobago, suggesting implications for similar economies.

Key Points

  • The study establishes weak-form fiscal equilibrium in Trinidad and Tobago, with notable robustness across various models.
  • A novel measure of permanent revenue was developed, revealing a long-run relationship between permanent revenue and expenditures.
  • Asymmetries in budgetary components were confirmed, impacting short and long-term fiscal responses.
  • The findings support recommendations for resource allocation and institutional strengthening to achieve strong-form fiscal equilibrium.

Cite This Study

Rahaman et al. (2025) studied this question.

synapsesocial.com/papers/68c1d98f54b1d3bfb60fb870https://doi.org/10.1111/rode.70043
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