Natural resource endowments, governance, and the domestic revenue effort : evidence from a panel of countries / Fabian Bornhorst, Sanjeev Gupta, and John Thornton
Published
[Washington, District of Columbia] : International Monetary Fund, 2008
I. Introduction; II. Data and Methodology; Tables; 1. Government Revenue from Hydrocarbons, 1992-2005; Figure 1. Government Revenue from Hydrocarbons and Domestic Taxes; III. Empirical Results; 2. Summary Statistics for Selected Variables; 3. Panel OLS Results with Fixed Effects; IV. Conclusions; References
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
Bibliography
Includes bibliographical references
Notes
Online resource; title from PDF front page (ebrary, viewed February 26, 2014)
