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Direct Distribution of Resource Revenues; Worth Considering?

Sanjeev Gupta, Alex Segura-Ubiergo () and Enrique Flores

No 14/5, IMF Staff Discussion Notes from International Monetary Fund

Abstract: Some scholars have argued that direct distribution of natural resource revenues to the population would help resource-rich countries escape the “resource curse.” This discussion note analyzes whether this proposal is a viable policy alternative for resource-rich countries. The first priority for policymakers is to establish fiscal policy objectives to support macroeconomic stability and development objectives. In this regard, the establishment of an adequate fiscal framework that informs decisions on how much to save and invest, or how to smooth out revenue volatility, and deal with exhaustibility issues should precede any discussion of direct distribution of resource wealth to the population.

Keywords: Natural resources; Government expenditures and welfare programs; Fiscal policy; resource wealth management, direct redistribution, cash transfers, natural resource, cash transfer, Recursos naturales,Ingreso,Distribución del ingreso,Política fiscal (search for similar items in EconPapers)
Pages: 26
Date: 2014-06-10
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