The Evaluation of Fiscal-Policy Decision-Making of Canada, Norway, Kuvait and the United Arabic Emirates for the Period 2000-2022

This thesis represents a comparison of the evaluation of fiscal-policy decision-making in countries classified as rich in natural resources according to the given issue. At the same time, these are economies that rank among developed countries according to the evaluation of the GDP per capita indicator in PPP (in constant prices). In the theoretical part, using the combined research method, the general fiscal-policy issue in countries rich in natural resources is described for both short and long term time horizons. Furthermore, the author presents selected risks associated with the phenomenon of " resource curse" in the context of both economic and political transmission mechanisms. The practical part of the thesis contains an analysis of the countries of Canada, Norway, Kuwait and the United Arab Emirates with a focus on the application of theoretical knowledge to specific economies. The thesis has added value in its complexity and in a relatively large number of countries surveyed, which are historically and socially quite different. This allows more scope for potential use of the outcomes of this thesis to other economies, which are also concerned by this issue. The main conclusion of this thesis is that the chosen advanced economies, possessing a significant supply of natural resources and defining themselves as raw material exporters, should establish wealth funds and accumulate wealth in them. Oil exporters should also focus on building a quality institutional environment.