Thornton, John.
Natural Resource Endowments, Governance, and the Domestic RevenueEffort : Evidence from a Panel of Countries. - 1 online resource (12 pages) - IMF Working Papers . - IMF Working Papers .
Intro -- Contents -- I. Introduction -- II. Data and Methodology -- III. Empirical Results -- IV. Conclusions -- Figure 1. Government Revenue from Hydrocarbons and Domestic Taxes -- Tables -- 1. Government Revenue from Hydrocarbons, 1992-2005 -- 2. Summary Statistics for Selected Variables -- 3. Panel OLS Results with Fixed Effects -- References.
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.
9781451914818
Hydrocarbons -- Economic aspects -- Econometric models.
Taxation -- Econometric models.
Electronic books.
QD305.H5 -- .B676 2008eb
547.01
Natural Resource Endowments, Governance, and the Domestic RevenueEffort : Evidence from a Panel of Countries. - 1 online resource (12 pages) - IMF Working Papers . - IMF Working Papers .
Intro -- Contents -- I. Introduction -- II. Data and Methodology -- III. Empirical Results -- IV. Conclusions -- Figure 1. Government Revenue from Hydrocarbons and Domestic Taxes -- Tables -- 1. Government Revenue from Hydrocarbons, 1992-2005 -- 2. Summary Statistics for Selected Variables -- 3. Panel OLS Results with Fixed Effects -- References.
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.
9781451914818
Hydrocarbons -- Economic aspects -- Econometric models.
Taxation -- Econometric models.
Electronic books.
QD305.H5 -- .B676 2008eb
547.01