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
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)
New Economics Papers: this item is included in nep-dev, nep-env, nep-fdg, nep-geo, nep-pbe and nep-res
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Journal Article: The Natural Resource Curse and Fiscal Decentralization (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:oxf:oxcrwp:112
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