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The Natural Resource Curse and Fiscal Decentralization

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

American Journal of Agricultural Economics, 2016, vol. 98, issue 1, 212-230

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.

Date: 2016
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Working Paper: The Natural Resource Curse and Fiscal Decentralization (2013) Downloads
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