Natural Resource Endowments, Governance, and the Domestic RevenueEffort : Evidence from a Panel of Countries.
Material type: TextSeries: IMF Working PapersPublisher: Washington : International Monetary Fund, 2008Copyright date: ©2008Description: 1 online resource (12 pages)Content type: text Media type: computer Carrier type: online resourceISBN: 9781451914818Subject(s): Hydrocarbons -- Economic aspects -- Econometric models | Taxation -- Econometric modelsGenre/Form: Electronic books.Additional physical formats: Print version:: Natural Resource Endowments, Governance, and the Domestic RevenueEffort : Evidence from a Panel of CountriesDDC classification: 547.01 LOC classification: QD305.H5 -- .B676 2008ebOnline resources: Click to ViewIntro -- 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.
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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2018. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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