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This paper outlines how sustainable development in resource-rich countries requires an 'all of government' approach as well as multi-stakeholder dialogue and partnerships between government, companies, and civil society organizations. Effective management and regulation requires many different...
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To enrich the debate about the fiscal effectiveness of sovereign wealth funds, this paper explores the effect of sovereign wealth funds (more precisely sovereign oil funds, SOFs) on the government spending in real term and as a share of GDP. First, we evaluate the relationship between the...
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explore the case of Peru, a mining-rich middle income country where -exploiting a unique data set constructed for this purpose …- we are able to assess systematic differences in district-level welfare outcomes between mining and non-mining districts …. We find evidence that the condition of being mining-abundant district have a significant impact on the pace of reduction …
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Natural resources are generally associated to negative effects on the political environment of a country. This paper explores the impact that oil revenues have on the establishment of a given political system. Based on previous literature, a political economy perspective is employed. A simple...
Persistent link: https://www.econbiz.de/10009535530
We investigate the relationship between oil windfalls and income inequality using the subnational data of one of the resource-richest and most unequal countries in the world - Russia. While previous literature produced contradictory findings due to the use of an aggregate measure of oil rents...
Persistent link: https://www.econbiz.de/10012819430