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Natural Resource Endowments, Governance, and the Domestic Revenueeffort

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Author Info

  • John Thornton
  • Fabian Bornhorst
  • Sanjeev Gupta

Abstract

The recent development literature stresses that countries that receive large revenues from natural resource endowments typically raise less revenue from domestic taxation, and that this creates governance problems because the lower domestic tax effort reduces the incentive for the public scrutiny of government. Our results from a panel of 30 hydrocarbon producing countries indicate that the offset between hydrocarbon revenues and revenues from other domestic sources is about 20 percent but that it is invariant to governance indicators.

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Bibliographic Info

Paper provided by International Monetary Fund in its series IMF Working Papers with number 08/170.

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Length: 10
Date of creation: 01 Jul 2008
Date of revision:
Handle: RePEc:imf:imfwpa:08/170

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Related research

Keywords: Governance; Hydrocarbons; Oil revenues; Taxation; government revenue; equation; statistics; autocorrelation; dummy variables; standard errors; tax revenue; fiscal affairs department; tax effort; fiscal affairs; estimation technique; outlier; statistical significance; standard deviation; structural adjustment; survey; tax revenues; estimation method; fiscal policy; equations; correlation; fiscal revenues; tax base;

This paper has been announced in the following NEP Reports:

References

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  1. Arellano, Manuel & Bond, Stephen, 1991. "Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations," Review of Economic Studies, Wiley Blackwell, vol. 58(2), pages 277-97, April.
  2. Alexander Pivovarsky & Benedict J. Clements & Sanjeev Gupta & Erwin Tiongson, 2003. "Foreign Aid and Revenue Response," IMF Working Papers 03/176, International Monetary Fund.
  3. Collier, Paul, 2006. "Is Aid Oil? An Analysis Of Whether Africa Can Absorb More Aid," World Development, Elsevier, vol. 34(9), pages 1482-1497, September.
  4. Abhijit Sen Gupta, 2007. "Determinants of Tax Revenue Efforts in Developing Countries," IMF Working Papers 07/184, International Monetary Fund.
  5. Keefer, Philip & Knack, Stephen, 1997. "Why Don't Poor Countries Catch Up? A Cross-National Test of Institutional Explanation," Economic Inquiry, Western Economic Association International, vol. 35(3), pages 590-602, July.
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Citations

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Cited by:
  1. Segal, Paul, 2012. "How to spend it: Resource wealth and the distribution of resource rents," Energy Policy, Elsevier, vol. 51(C), pages 340-348.
  2. Torfinn Harding & Frederick Van der Ploeg, 2009. "Is Norway's Bird-in-Hand Stabilization Fund Prudent Enough? Fiscal Reactions to Hydrocarbon Windfalls and Graying Populations," CESifo Working Paper Series 2830, CESifo Group Munich.
  3. Carsten Hefeker, 2009. "Taxation, Corruption and the Exchange Rate Regime," CESifo Working Paper Series 2561, CESifo Group Munich.
  4. Massimiliano Mazzanti & Roberto Zoboli, 2012. "A Political Economy Approach to Resource Taxation: Weak Sustainability, Revenue Recycling and Regional Planning," Working Papers 201202, University of Ferrara, Department of Economics.
  5. Raul Caruso & Jacopo Costa & Roberto Ricciuti, 2011. "The probability of military rule in Africa, 1970-2007," Working Papers 2011/26, Institut d'Economia de Barcelona (IEB).
  6. Paul Collier & Frederick van der Ploeg & Michael Spence & Anthony J Venables, 2009. "Managing Resource Revenues in Developing Economies," OxCarre Working Papers 015, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
  7. Tahseen Ajaz & Eatzaz Ahmad, 2010. "The Effect of Corruption and Governance on Tax Revenues," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 49(4), pages 405–417.
  8. International Monetary Fund, 2011. "Customs Administration Reform and Modernization in anglophone Africa," IMF Working Papers 11/184, International Monetary Fund.
  9. Klaus Schmidt-Hebbel, 2012. "Fiscal Institutions in Resource-Rich Economies: Lessons from Chile and Norway," Documentos de Trabajo 416, Instituto de Economia. Pontificia Universidad Católica de Chile..

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