Natural Resource Endowments, Governance, and the Domestic Revenue Effort: Evidence from a Panel of Countries
July 1, 2008
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Summary
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.
Subject: Agricultural sector, Corruption, Natural resources
Keywords: GDP, hydrocarbon revenue, revenue, WP
Pages:
10
Volume:
2008
DOI:
Issue:
170
Series:
Working Paper No. 2008/170
Stock No:
WPIEA2008170
ISBN:
9781451870282
ISSN:
1018-5941
