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Natural Resource Endowments, Governance, and the Domestic Revenue Effort: Evidence from a Panel of Countries
Author:
Mr. John Thornton
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,
Fabian Bornhorst
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, and
Mr. Sanjeev Gupta
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Series:
IMF Working Papers
Volume/Issue:
Volume 2008: Issue 170
Language:
English
Publication Date:
01 Jul 2008
DOI:
https://doi.org/10.5089/9781451870282.001
ISBN:
9781451870282
ISSN:
1018-5941
Pages:
10
Keywords:
WP; revenue; hydrocarbon revenue; GDP
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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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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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund