Abstract
Natural resource abundance is a blessing for some countries, but a curse for others. We show that differences across countries in the degree of fiscal decentralization can contribute to this divergent outcome. Using a large panel of countries covering several decades and various fiscal decentralization and natural resource measures, we provide empirical support for the novel hypothesis. We also study a model that combines political and market mechanisms under a unified framework to illustrate how natural resource booms may create negative effects in fiscally decentralized nations.
| Original language | English |
|---|---|
| Pages (from-to) | 212-230 |
| Number of pages | 19 |
| Journal | American Journal of Agricultural Economics |
| Volume | 98 |
| Issue number | 1 |
| DOIs | |
| State | Published - 1 Jan 2016 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 8 Decent Work and Economic Growth
Keywords
- Natural resources
- economic growth
- fiscal decentralization
All Science Journal Classification (ASJC) codes
- Agricultural and Biological Sciences (miscellaneous)
- Economics and Econometrics
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