Natural Resource Endowments, Governance, and the Domestic Revenueeffort
AbstractThe 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 InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 08/170.
Date of creation: 01 Jul 2008
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-08-06 (All new papers)
- NEP-ENE-2008-08-06 (Energy Economics)
- NEP-ENV-2008-08-06 (Environmental Economics)
- NEP-PBE-2008-08-06 (Public Economics)
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