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...

In economies with multi-level governments, why would a change in the fiscal rule of a government in one level lead to a fiscal response by a government in a different level? The literature focused primarily on the standard common-pool problem, while giving little attention to the potential role...

We study the impact of the sub-soil natural resource endowment and the supply of biocapacity on the extractive and non-extractive FDI inflows. We focus on a new panel data set of 126 countries for the period 1984-2019. Our identification strategy is based on the long lags between natural...