The Natural Resource Curse and Fiscal Decentralization
© 2015 The Author.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 fi...
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| Format: | Journal Article |
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Oxford University Press
2016
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| Online Access: | http://ajae.oxfordjournals.org/ http://hdl.handle.net/20.500.11937/62785 |
| _version_ | 1848760915907837952 |
|---|---|
| author | Perez-Sebastian, F. Raveh, Ohad |
| author_facet | Perez-Sebastian, F. Raveh, Ohad |
| author_sort | Perez-Sebastian, F. |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | © 2015 The Author.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 decentralization and natural resource measures, we provide empirical support for the novel hypothesis. We also study a model that combines political and market mechanisms under a unified framework to illustrate how natural resource booms may create negative effects in fiscally decentralized nations. |
| first_indexed | 2025-11-14T10:23:22Z |
| format | Journal Article |
| id | curtin-20.500.11937-62785 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T10:23:22Z |
| publishDate | 2016 |
| publisher | Oxford University Press |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-627852018-03-29T09:09:26Z The Natural Resource Curse and Fiscal Decentralization Perez-Sebastian, F. Raveh, Ohad © 2015 The Author.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 decentralization and natural resource measures, we provide empirical support for the novel hypothesis. We also study a model that combines political and market mechanisms under a unified framework to illustrate how natural resource booms may create negative effects in fiscally decentralized nations. 2016 Journal Article http://hdl.handle.net/20.500.11937/62785 10.1093/ajae/aav051 http://ajae.oxfordjournals.org/ Oxford University Press restricted |
| spellingShingle | Perez-Sebastian, F. Raveh, Ohad The Natural Resource Curse and Fiscal Decentralization |
| title | The Natural Resource Curse and Fiscal Decentralization |
| title_full | The Natural Resource Curse and Fiscal Decentralization |
| title_fullStr | The Natural Resource Curse and Fiscal Decentralization |
| title_full_unstemmed | The Natural Resource Curse and Fiscal Decentralization |
| title_short | The Natural Resource Curse and Fiscal Decentralization |
| title_sort | natural resource curse and fiscal decentralization |
| url | http://ajae.oxfordjournals.org/ http://hdl.handle.net/20.500.11937/62785 |