Resource Rents, Redistribution, and Halving Global Poverty: The Resource Dividend

Paul Segal

World Development, 2011, vol. 39, issue 4, 475-489

Abstract: Summary This paper considers the proposal that each country distributes its resource rents directly to citizens as a universal and unconditional cash transfer, or Resource Dividend, and estimates its potential impact on global poverty for the years 2000-06. Using a global dataset on resource rents and the distribution of income, I find that if every developing country implemented the policy then the number of people living below $1-a-day would be cut by between 27% and 66%, depending on the year and the assumptions made. Looking ahead, poverty could be better than halved as long as commodity prices do not drop below their 2004 level.

Keywords: global; poverty; inequality; redistribution; natural; resource; curse; resource; wealth; income; distribution (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (39)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:wdevel:v:39:y:2011:i:4:p:475-489

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