IDEAS home Printed from https://ideas.repec.org/p/dbl/dblwop/221.html
   My bibliography  Save this paper

What do non-renewable natural resource rich countries do with their rents?

Author

Listed:
  • Perry, Guillermo
  • Bustos, Sebastián
  • Ho, Sui-jade

Abstract

This paper examines three sets of questions related to the use of non-renewable natural resource rents: (1) To what extent countries rich in non-renewable natural resources use such rents to increase present consumption or investment or save them through net increases in foreign assets (or reduction of net foreign liabilities)? (2) To what extent countries tax them and how do they use such fiscal revenues: whether to increase public expenditures (and in particular public investment in infrastructure and human capital formation), reduce taxes on other activities (and become fiscally dependent on their natural resource wealth) or net public debt? (3) To what extent countries rich in non-renewable natural resources have less efficient and more volatile and pro cyclical public expenditures? Additionally, we examine if these effects on macro and fiscal performance depend on the countries level of development and quality of institutions, as theory suggests.

Suggested Citation

  • Perry, Guillermo & Bustos, Sebastián & Ho, Sui-jade, 2011. "What do non-renewable natural resource rich countries do with their rents?," Research Department working papers 221, CAF Development Bank Of Latinamerica.
    • Handle: RePEc:dbl:dblwop:221
    as

    Download full text from publisher

    File URL: https://scioteca.caf.com/handle/123456789/221
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. -, 2013. "Fiscal Panorama of Latin America and the Caribbean 2013: tax reform and renewal of the fiscal covenant," Libros y Documentos Institucionales, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 3101 edited by Eclac.
    2. Duanjie Chen & Guillermo Perry, 2010. "Mining Taxation in Colombia," Documentos CEDE 12562, Universidad de los Andes, Facultad de Economía, CEDE.
    3. Gómez Sabaini, Juan Carlos & Morán, Dalmiro, 2014. "Tax policy in Latin America: Assessment and guidelines for a second generation of reforms," Macroeconomía del Desarrollo 36806, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    4. Perry, Guillermo & Bustos, Sebastián, 2012. "The Effects of Oil and Mineral Taxation on Non-commodity Fiscal Revenues," IDB Publications (Working Papers) 4062, Inter-American Development Bank.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:dbl:dblwop:221. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Pablo Rolando (email available below). General contact details of provider: https://edirc.repec.org/data/cafffve.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.