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The Case for Direct Transfers of Resource Revenues in Africa - Working Paper 333

Shantayanan Devarajan (sdevarajan@worldbank.org) and Marcelo Giugale (mgiugale@worldbank.org)

No 333, Working Papers from Center for Global Development

Abstract: Noting that Africa’s resource-rich countries have not translated their wealth into sustained economic growth and poverty reduction, this paper shows that by transferring a portion of resource-related government revenues uniformly and universally as direct payments to the population, some countries could increase both private consumption and the provision of public goods, and thereby reduce poverty and enhance social welfare. We make the case based on theoretical considerations and explore how these direct dividend payments would look in practice in a group of selected African countries.

Keywords: Africa; extractive industries; poverty; public goods; direct dividend transfers (search for similar items in EconPapers)
JEL-codes: H41 H5 I3 O10 O13 O15 Q3 (search for similar items in EconPapers)
Pages: 17 pages
Date: 2013-07
New Economics Papers: this item is included in nep-afr
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13)

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Persistent link: https://EconPapers.repec.org/RePEc:cgd:wpaper:333

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