All of Scioteca
Communities & Collections By Issue Date Authors Titles Subjects Country / Region
Profiles
Our Authors
My Account
Login

What do non-renewable natural resource rich countries do with their rents?

This paper examines three sets of questions related to the use of non-renewable natural resource rents: (1) To what extent countries rich in non-renewable natural resources use such rents to increase present consumption or investment or save them through net increases in foreign assets (or reduction of net foreign liabilities)? (2) To what extent countries tax them and how do they use such fiscal revenues: whether to increase public expenditures (and in particular public investment in infrastructure and human capital formation), reduce taxes on other activities (and become fiscally dependent on their natural resource wealth) or net public debt? (3) To what extent countries rich in non-renewable natural resources have less efficient and more volatile and pro cyclical public expenditures? Additionally, we examine if these effects on macro and fiscal performance depend on the countries level of development and quality of institutions, as theory suggests.

Abstract

Description

Subject

Recursos naturales | Economía | Fortalecimiento institucional | Investigación socioeconómica | Desarrollo

País / Región

URI

https://scioteca.caf.com/handle/123456789/221

Date

2011

Cite from this publication

Collections

6.1 Documentos de trabajo en investigación socioeconómica

Endorsement

Review

Supplemented By

Referenced By

Creative Commons license

CC-BY-NC
Except where otherwised noted, this item's license is described as CC-BY-NC
Thumbnail Image

Files

201106Perry.pdf (1.94 MB)

Authors

Journal Title

Journal ISSN

Volume Title

Publisher

CAF

Related Items

Thumbnail Image
RED 2026 - Chapter 4: Strategic sectors for the energy transition

The rural world of Latin America and the Caribbean (LAC) occupies a strategic position in the context of the global energy transition. The growing adoption...

Thumbnail Image
The impact of taxes and social spending on inequality and poverty in Argentina, Bolivia, Brazil, Mexico and Peru: a synthesis of results

We apply a standard tax and benefit incidence analysis to estimate the impact on inequality and poverty of direct taxes, indirect taxes and subsidies, and...

Thumbnail Image
Renewed Energies: A just energy transition for sustainable development

This edition of the report underscores the need for a just energy transition in Latin America and the Caribbean, considering the realities of each country...

Thumbnail Image
Unlocking growth in a changing world. Innovation, Integration, and Formalization for Latin America and the Caribbean

This CAF report identifies chronic economic stagnation and low productivity as the fundamental obstacles to development in Latin America and the Caribbean, highlighting that regional...

Thumbnail Image
Global challenges, regional solutions: Latin America and the Caribbean in the face of the climate and biodiversity crisis

This edition of the Report on Economic Development (RED) examines the challenges and opportunities that climate action and the protection of ecosystems and biodiversity pose...

Thumbnail Image
Just Energy Transition / Scenarios Peru

Peru possesses abundant energy resources, particularly natural gas and hydropower potential, which are fundamental pillars of its energy matrix. Between 2000 and 2019, final per...