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Addressing the Natural Resource Curse; An Illustration From Nigeria

Subramanian, Arvind; Sala-i-Martin, Xavier - International Monetary Fund (IMF) - 2003

Some natural resources-oil and minerals in particular-exert a negative and nonlinear impact on growth via their … confirmation of this aspect of natural resources. Waste and poor institutional quality stemming from oil appear to have been … which involves directly distributing the oil revenues to the public. Even with all the difficulties that will no doubt …

Persistent link: https://www.econbiz.de/10005769277

Natural Resources, Volatility, and Inclusive Growth; Perspectives From the Middle East and North Africa

Nabli, Mustapha K.; Arezki, Rabah - International Monetary Fund (IMF) - 2012

This paper takes stock of the economic performance of resource rich countries in the Middle East and North Africa (MENA) over the past forty years. While those countries have maintained high levels of income per capita, they have performed poorly when going beyond the assessment based on...

Persistent link: https://www.econbiz.de/10011242320

Can the Natural Resource Curse Be Turned Into a Blessing? T+L3479he Role of Trade Policies and Institutions

Arezki, Rabah; Ploeg, Frederik van der - International Monetary Fund (IMF) - 2007

We criticize existing empirical results on the detrimental effects of natural resource dependence on the rate of economic growth after controlling for institutional quality, openness, and initial income. These results do not survive once we use instrumental variables techniques to correct for...

Persistent link: https://www.econbiz.de/10005248266

Resource Dependence and Fiscal Effort in Sub-Saharan Africa

Thomas, Alun H.; Treviño, Juan P. - International Monetary Fund (IMF) - 2013

High natural resource prices in recent years have resulted in sizeable increases in fiscal revenue for many resource-exporting countries in sub-Saharan Africa. However, this revenue source is volatile, and arguably these countries should also rely on other forms of taxation to help fund public...

Persistent link: https://www.econbiz.de/10011142043

The Fiscal and Welfare Impacts of Reforming Fuel Subsidies in India

Anand, Rahul; Coady, David; Mohommad, Adil; Thakoor, Vimal V - International Monetary Fund (IMF) - 2013

Rising fuel subsidies have contributed to fiscal pressures in India. A key policy concern regarding subsidy reform is the adverse welfare impact on households, in particular poor households. This paper evaluates the fiscal and welfare implications of fuel subsidy reform in India. Fuel subsidies...

Persistent link: https://www.econbiz.de/10010790400

Weathering the Storm so Far; The Impact of the 2003-20+L340805 Oil Shockon Low-Income Countries

Tadesse, Helaway; Lewis, Mark; Zeuner, Jörg; John, James; … - International Monetary Fund (IMF) - 2006

This paper examines the impact of the 2003-05 oil price increase on the balance of payments positions and IMF financing … needs of low-income country oil importers. It finds that stronger exports reflecting favorable global conditions, a … compression of oil import volumes due to the pass-through of world prices to domestic consumers, and a large increase in capital …

Persistent link: https://www.econbiz.de/10005769052

Exchange Rate Regime Considerations in an Oil Economy; The Case of the Islamic Republic of Iran

Celasun, Oya - International Monetary Fund (IMF) - 2003

major oil price shocks. …

Persistent link: https://www.econbiz.de/10005599261

Imperfect Competition and the Design of VAT Regimes; The Case of Energy Trade Between Russia and Ukraine

Shiells, Clinton R. - International Monetary Fund (IMF) - 2002

of a destination-based VAT regime. Oil and gas trade is a major source of Russian tax revenue, which is collected partly …

Persistent link: https://www.econbiz.de/10005599379

Distributional Effects of Oil Price Changeson Household Expenditures; Evidence From Mali

Kpodar, Kangni - International Monetary Fund (IMF) - 2006

-shaped relationship with expenditure per capita. Regardless of the oil product considered, highincome households would benefit … disproportionately from oil price subsidies. This suggests that a petroleum price subsidy is an ineffective mechanism for protecting the …

Persistent link: https://www.econbiz.de/10005599400

Importer and Producer Petroleum Taxation; A Geo-Political Model

Strand, Jon - International Monetary Fund (IMF) - 2008

We derive non-cooperative Nash equilibrium (NE) importer and exporter petroleum excise taxes given full within-group tax coordination, but no coordination between groups, assuming that importers do not produce and exporters do not consume petroleum, and petroleum consumption causes a global...

Persistent link: https://www.econbiz.de/10005604867