"In the past thirty years, China has transformed from an impoverished country where peasants comprised the largest portion of the populace, to an economic power with an expanding middle class and more megacities than anywhere else on earth. Like every other major power in modern history, China...

The term fiscal resource curse refers to countries' inability to raise taxes from a broad base in the presence of natural resources. We employ a novel instrumental variable strategy to estimate the causal effect of resource revenues on non-resource tax effort by exploiting the so-called 'China...

Using a country-level panel data set of China's outward foreign direct investment (OFDI) during 2003-2015, we find that China increases its direct investment in an economy endowed with natural resources, which increases the exports of the resources to China. Facilitated by the industry-level...