Showing 1 - 10 of 32
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
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
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
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
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
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
major oil price shocks. …
Persistent link: https://www.econbiz.de/10005599261
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
-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
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