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This paper examines how revenues from a natural resource interact with growth and welfare in an overlapping generations … model with altruism. The revenues are allocated between public productive services and direct transfers to members of … abundance of the revenue. Abundant revenues may harm growth, but growth and welfare can be oppositely affected. We also provide …
Persistent link: https://www.econbiz.de/10010320923
appropriate short run response, long run welfare can be enhanced by higher taxation of the mining sector. Indeed, results show …
Persistent link: https://www.econbiz.de/10009394006
of 130 countries, 1963-2007. Then, we systematically investigate the effect of resource windfall on welfare in three … different groups of countries: We find that in the short-run resource windfall is welfare enhancing in the whole sample …, especially via increases in income and decreases in inequality. However, in SSA countries, the size of welfare improvement is …
Persistent link: https://www.econbiz.de/10013022269
Genuine saving measures net investment in produced, natural and human capital. It is a necessary condition for weak sustainable development that genuine saving not be persistently negative. However, according to data provided by the World Bank, resource-rich countries are systematically failing...
Persistent link: https://www.econbiz.de/10014071807
This book chapter analyzes the dysfunctions of Nigeria’s oil sector, often framed as the “resource curse.” The resource curse thesis has for long been employed to explain the developmental challenges of veteran oil and mineral exporters such as Nigeria. This chapter examines the weaknesses...
Persistent link: https://www.econbiz.de/10014104797
Exploiting new resource frontiers, such as agricultural land and mineral reserves, is a fundamental feature of economic development in poor economies. Yet frontier-based development is symptomatic of a pattern of economy wide resource exploitation in developing economies that (a) generate little...
Persistent link: https://www.econbiz.de/10012750261
This paper contributes to the literature by investigating the effect of natural resources on under-five mortality in a sample of 50 African countries over the period 1996 to 2018. We also examine the extent to which governance shapes the relationship between natural resources and under-five...
Persistent link: https://www.econbiz.de/10012652988
Existing development literature has argued that natural-resource endowments ``curse'' economic prosperity by reducing expenditures on education. According to this theory, public and private agents lack sufficient foresight to make optimal economic decisions and become poor as a result. Using a...
Persistent link: https://www.econbiz.de/10011167292
This paper uses a newly constructed revenue dataset of 35 resource-rich countries for the period 1992–2009 to analyze the impact of expanding resource revenues on different types of domestic (non resource) tax revenues. Overall, we find a statistically significant negative relationship between...
Persistent link: https://www.econbiz.de/10011056260
It has often been argued that countries that produce natural resources mobilize less non-resource tax revenues than other countries. In this paper, we exploit the exogenous variation in the timing of giant oilfield discoveries to estimate the causal impact of natural resources on taxation. The...
Persistent link: https://www.econbiz.de/10015130241