The Natural Resource Curse and Fiscal Decentralization

Fidel Perez-Sebastian and Ohad Raveh
Authors registered in the RePEc Author Service: Fidel Perez Sebastian

No 112, OxCarre Working Papers from Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford

Abstract: 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.

Keywords: Natural resources; economic growth; Â…scal decentralization (search for similar items in EconPapers)
JEL-codes: H77 O13 O18 Q32 Q33 (search for similar items in EconPapers)
Date: 2013-05-06
New Economics Papers: this item is included in nep-dev, nep-env, nep-fdg, nep-geo, nep-pbe and nep-res
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
https://ora.ox.ac.uk/objects/uuid:f486f0c9-c8cf-4dcc-8eb2-effa47757b15 (text/html)

Related works:
Journal Article: The Natural Resource Curse and Fiscal Decentralization (2016)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oxf:oxcrwp:112

Access Statistics for this paper

More papers in OxCarre Working Papers from Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford Contact information at EDIRC.
Bibliographic data for series maintained by Melis Boya (melis.boya@economics.ox.ac.uk this e-mail address is bad, please contact repec@repec.org).