| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7579 |
| DP7579 Do Oil Windfalls Improve Living Standards? Evidence from Brazil | |
| Francesco Caselli; Guy Michaels | |
| 发表日期 | 2009-11-29 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | We use variation in oil output among Brazilian municipalities to investigate the effects of resource windfalls. We find muted effects of oil through market channels: offshore oil has no effect on municipal non-oil GDP or its composition, while onshore oil has only modest effects on non-oil GDP composition. However, oil abundance causes municipal revenues and reported spending on a range of budgetary items to increase, mainly as a result of royalties paid by Petrobras. Nevertheless, survey-based measures of social transfers, public good provision, infrastructure, and household income increase less (if at all) than one might expect given the increase in reported spending. To explain why oil windfalls contribute little to local living standards, we use data from the Brazilian media and federal police to document that very large oil output increases alleged instances of illegal activities associated with mayors. |
| 主题 | Development Economics ; International Macroeconomics ; Public Economics |
| 关键词 | Brazil Oil Dutch disease Corruption Fiscal windfalls Natural resources |
| URL | https://cepr.org/publications/dp7579 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/536416 |
| 推荐引用方式 GB/T 7714 | Francesco Caselli,Guy Michaels. DP7579 Do Oil Windfalls Improve Living Standards? Evidence from Brazil. 2009. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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