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Large oil reserves off the coast of Brazil may substantially increase the country's oil revenue in the future. A … addressed in this paper for Brazil both theoretically and empirically by focusing on (i) the efficient allocation of oil revenue … brings the aggregate oil revenue in Brazil above 10 percent of gross domestic product, there will be scope for consuming a …
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,000 oil wells in Brazil allows us to exploit a quasi-experiment: Municipalities where oil was discovered constitute the …
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