The objective of this paper is to examine empirically the nature and extent of budget transparency in resource-dependent countries, as a potential foundation for improving governance and development impact. The resource curse hypothesis claims that resource-dependent countries, despite their...

We use historical industrial emissions data to assess the level of abatement and overallocation that took place across European countries during the pilot phase (2005-2007)of the European Union Emission Trading Scheme. Using a dynamic panel data model, we estimate the counterfactual...