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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.

Journal Article Type Article
Publication Date Jan 1, 2016
Journal American journal of agricultural economics
Print ISSN 0002-9092
Electronic ISSN 1467-8276
Publisher Oxford University Press (OUP)
Peer Reviewed Peer Reviewed
Volume 98
Issue 1
Pages 212-230
Institution 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
DOI https://doi.org/10.1093/ajae/aav051
Keywords Natural resources, Economic growth, Fiscal decentralization
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.

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