Fidel Pérez-Sebastián
The natural resource curse and fiscal decentralization
Pérez-Sebastián, Fidel; Raveh, Ohad
Authors
Ohad Raveh
Abstract
© 2015 The Author. Natural resource abundance is a blessing for some countries, but a curse for others. We show that differences across countries in the degree of fiscal decentralization can contribute to this divergent outcome. Using a large panel of countries covering several decades and various fiscal decentralization and natural resource measures, we provide empirical support for the novel hypothesis. We also study a model that combines political and market mechanisms under a unified framework to illustrate how natural resource booms may create negative effects in fiscally decentralized nations.
Citation
Pérez-Sebastián, F., & Raveh, O. (2016). The natural resource curse and fiscal decentralization. American journal of agricultural economics, 98(1), 212-230. https://doi.org/10.1093/ajae/aav051
Journal Article Type | Article |
---|---|
Acceptance Date | Jul 13, 2015 |
Online Publication Date | Aug 24, 2015 |
Publication Date | Jan 1, 2016 |
Deposit Date | Oct 27, 2015 |
Publicly Available Date | Oct 27, 2015 |
Journal | American journal of agricultural economics |
Print ISSN | 0002-9092 |
Publisher | Oxford University Press |
Peer Reviewed | Peer Reviewed |
Volume | 98 |
Issue | 1 |
Pages | 212-230 |
DOI | https://doi.org/10.1093/ajae/aav051 |
Keywords | Natural resources, Economic growth, Fiscal decentralization |
Public URL | https://hull-repository.worktribe.com/output/380255 |
Publisher URL | http://ajae.oxfordjournals.org/content/early/2015/08/20/ajae.aav051 |
Additional Information | Authors' accepted manuscript of article published in: American journal of agricultural economics, 2016, volume 98, issue 1. |
Contract Date | Oct 27, 2015 |
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