The Alaska Permanent Fund: Politics and Trust
2002; Wiley; Volume: 22; Issue: 2 Linguagem: Inglês
10.1111/1540-5850.00073
ISSN1540-5850
Autores Tópico(s)Global Energy and Sustainability Research
ResumoTrust funds are a particular way of governing resource flows. Governments use trust funds to bind policy decisions of future actors and remove resource flows from budget competition. The state of Alaska removed a portion of its oil revenues from political competition through the creation of the Alaska Permanent Fund. A unique feature of the Fund is that it pays annual dividends to Alaskan citizens, thus creating a citizen stake in the management of the Fund. Through this framework Alaskans have successfully protected a significant stream of revenue ($21 billion) from political demands.
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