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Oil to Cash: Fighting the Resource Curse through Cash Transfers

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  • Todd Moss

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    Abstract

    Many of the world’s poorest and most fragile states are joining the ranks of oil and gas producers. These countries face critical policy questions about managing and spending new revenue in a way that is beneficial to their people. At the same time, a growing number of developing countries have initiated cash transfers as a response to poverty, and these programs are showing some impressive results. Here it is proposed putting these two trends together: countries seeking to manage new resource wealth should consider distributing income directly to citizens as cash transfers. Beyond serving as a powerful and proven policy intervention, cash transfers may also mitigate the corrosive effect natural resource revenue often has on governance. [Working Paper no. 237].

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    Bibliographic Info

    Paper provided by eSocialSciences in its series Working Papers with number id:3489.

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    Date of creation: Jan 2011
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    Handle: RePEc:ess:wpaper:id:3489

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    Related research

    Keywords: policy intervention; governance; cash transfers; poverty; wealth; developing countries; natural resource;

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    Cited by:
    1. Alan Gelb & Kai Kaiser & Lorena Viñuela, 2012. "How Much Does Natural Resource Extraction Really Diminish National Wealth? The Implications of Discovery," Working Papers id:4874, eSocialSciences.
    2. 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.
    3. AREZKI Rabah & DUPUY Arnaud & GELB Alan, 2013. "Resource Windfalls, Optimal Public Investment and Redistribution: The Role of Total Factor Productivity and Administrative Capacity," CEPS/INSTEAD Working Paper Series 2013-12, CEPS/INSTEAD.

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