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Resource Blessing, Revenue Curse? Domestic Revenue Effort in Resource-Rich Countries

Author/Editor: Ernesto Crivelli | Sanjeev Gupta
Authorized for Distribution: January 14, 2014
Electronic Access: Free Full Text (PDF file size is 577KB)
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate.

Summary: This paper uses a newly constructed revenue dataset of 35 resource-rich countries for the period 1992-2009 to analyze the impact of expanding resource revenues on different types of domestic (non resource) tax revenues. Overall, we find a statistically significant negative relationship between resource revenues and total domestic (non resource) revenues, including for the major tax components. For each additional percentage point of GDP in resource revenues, there is a reduction in domestic (non resource) revenues of about 0.3 percentage points of GDP. We find this primarily occurs through reduced effort on taxes on goods and services—in particular, the VAT— followed by a smaller negative impact on corporate income and trade taxes.
 
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Series: Working Paper No. 14/5
Subject(s): Natural resources | Revenues | Tax revenues | Value added tax
 
English  
    Published:   January 14, 2014        
    ISBN/ISSN:   9781484351178/1018-5941   Format:   Paper
    Stock No:   WPIEA2014005   Pages:   29
    Price:   US$18.00
       
     
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