How to spend it: Resource wealth and the distribution of resource rents
AbstractNatural resource revenues differ from other government revenues both in their time profile, and in their political and legal status: they are volatile and exhaustible, and belong to all citizens of the country in which they are located. This paper discusses the theory of natural resource revenues and examines expenditure practices in a range of resource-rich countries. It considers both the distributional impact and the efficiency of expenditure policies, focusing on the extent to which they succeed in providing all citizens with their share of the benefits due to natural resources.
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Bibliographic InfoArticle provided by Elsevier in its journal Energy Policy.
Volume (Year): 51 (2012)
Issue (Month): C ()
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Web page: http://www.elsevier.com/locate/enpol
Natural resources; Fiscal policy; Income distribution;
Other versions of this item:
- Paul Segal, 2011. "How to spend it: resource wealth and the distribution of resource rents," LSE Research Online Documents on Economics 55664, London School of Economics and Political Science, LSE Library.
- N0 - Economic History - - General
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