Normal view MARC view ISBD view

The Political Economy of Direct Dividend Transfers in Resource-Rich Countries (Record no. 143322)

000 -LEADER
fixed length control field	02777cam a22003494a 4500
001 - CONTROL NUMBER
control field	7575
003 - CONTROL NUMBER IDENTIFIER
control field	The World Bank
005 - DATE AND TIME OF LATEST TRANSACTION
control field	20181123130922.0
006 - FIXED-LENGTH DATA ELEMENTS--ADDITIONAL MATERIAL CHARACTERISTICS--GENERAL INFORMATION
fixed length control field	m d
007 - PHYSICAL DESCRIPTION FIXED FIELD--GENERAL INFORMATION
fixed length control field	cr cn\|\|\|\|\|\|\|\|\|
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field	160412s2016 dcu o i00 0 eng
024 8# - OTHER STANDARD IDENTIFIER
Standard number or code	10.1596/1813-9450-7575
035 ## - SYSTEM CONTROL NUMBER
System control number	(The World Bank)7575
100 1# - MAIN ENTRY--PERSONAL NAME
Personal name	McGuirk, Eoin.
245 14 - TITLE STATEMENT
Title	The Political Economy of Direct Dividend Transfers in Resource-Rich Countries
Medium	[electronic resource] :
Remainder of title	A Theoretical Consideration /
Statement of responsibility, etc	Eoin McGuirk.
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Place of publication, distribution, etc	Washington, D.C. :
Name of publisher, distributor, etc	The World Bank,
Date of publication, distribution, etc	2016.
300 ## - PHYSICAL DESCRIPTION
Extent	1 online resource (42 p.)
520 3# - SUMMARY, ETC.
Summary, etc	The acceleration of natural resource discoveries across many parts of the developing world has highlighted the urgent need for solutions to the mismanagement of windfalls that has blighted many countries over the past half-century. One proposal involves istributing annually a share of resource rents to citizens in the form of direct dividend transfers. Although many scholars and policy makers have discussed the potential economic and political ramifications of the proposal from a normative perspective, few have analyzed positively the conditions under which such a policy may emerge as a politically rational choice. This policy research paper fills that gap by modeling the decision of political leaders to allocate resource revenues between cash transfers, public goods, power-preserving activities, and personal consumption. The analysis finds first that propitious political conditions, including competitive elections, undeveloped patronage networks, and a high degree of budgetary accountability, increase the share of resource revenues to be spent on citizens' welfare. The paper then shows that a high poverty headcount and inefficient public institutions will each strengthen the political incentive to provide direct dividend transfers relative to public goods. This combination of conditions is rare, which may explain why relatively few countries have implemented or plan to implement direct dividend transfers.
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element	Cash Transfers.
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element	Debt Markets.
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element	Economic Theory and Research.
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element	Finance and Financial Sector Development.
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element	Macroeconomics and Economic Growth.
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element	Natural Resources.
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element	Political Economy.
700 1# - ADDED ENTRY--PERSONAL NAME
Personal name	Giugale, Marcelo.
700 1# - ADDED ENTRY--PERSONAL NAME
Personal name	McGuirk, Eoin.
700 1# - ADDED ENTRY--PERSONAL NAME
Personal name	Rajaram, Anand.
776 18 - ADDITIONAL PHYSICAL FORM ENTRY
Main entry heading	Print Version:
Display text	McGuirk, Eoin.
Title	The Political Economy of Direct Dividend Transfers in Resource-Rich Countries : A Theoretical Consideration.
Place, publisher, and date of publication	Washington, D.C. : The World Bank, 2016.
830 #0 - SERIES ADDED ENTRY--UNIFORM TITLE
Uniform title	Policy research working papers.
830 #0 - SERIES ADDED ENTRY--UNIFORM TITLE
Uniform title	World Bank e-Library.
856 40 - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier	<a href="http://elibrary.worldbank.org/doi/book/10.1596/1813-9450-7575">http://elibrary.worldbank.org/doi/book/10.1596/1813-9450-7575</a>

No items available.