Publication: Domestic revenue displacement in resource-rich countries: What’s oil money got to do with it?
Domestic revenue displacement in resource-rich countries: What’s oil money got to do with it?
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Chachu, D. O. (2020). Domestic revenue displacement in resource-rich countries: What’s oil money got to do with it? Resources Policy, 66, 101656. https://doi.org/10.1016/j.resourpol.2020.101656
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Cross-country studies on the effect of hydrocarbon revenues and non-hydrocarbon tax effort are only now emerging. Using an expanded global dataset in a two-stage least squares framework, we confirm a displacement effect. A percentage point increase in hydrocarbon revenues displaces non-hydrocarbon revenues by 0.2 to 0.3 percentage points. With low levels of domestic revenue and a debt crises looming for many developing countries, resource-rich countries need to leverage on their resource wealth to invigorate the non-resource sectors o
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Chachu, D. O. (2020). Domestic revenue displacement in resource-rich countries: What’s oil money got to do with it? Resources Policy, 66, 101656. https://doi.org/10.1016/j.resourpol.2020.101656
