How to spend it: Resource wealth and the distribution of resource rents11The author would like to thank the The Kuwait Programme on Development, Governance and Globalisation in the Gulf States at the London School of Economics, and two anonymous referees for comments on the paper.

Segal, Paul

doi:10.1016/j.enpol.2012.08.029

Cited by 35 publications

(6 citation statements)

References 29 publications

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“…First, bottom-up education system strengthening can be enhanced through the allocation of part of the natural resource revenues to a conditional or labelled cash transfer programme for education, potentially with support from the extractives industry. This idea is in line with the concept of direct distribution of resource revenues that is currently at the forefront of the policy debate on combatting the resource curse (Giugale and Nguyen, 2014;Segal, 2012). Second, a substantial part of natural resource tax revenues could be earmarked for the top-down reinforcement of education supply.…”

Section: Conclusion and Policy Implicationsmentioning

confidence: 73%

“…So far there exist surprisingly few studies that address the link betweennatural resources and government spending priorities. Segal (2012) however, argues that natural resource revenues differ from other government revenues, both in their time profile and political and legal status and Arezki et al (2011) in turn posit that "government spending is an important vehicle of the resource curse". In a study on US states Papyrakis and Gerlagh (2007) find that natural resource abundance decreases investments in human capital, measured as the contribution of educational services in GDP.…”

Section: The Natural Resource Curse: Revisiting the Literaturementioning

confidence: 99%

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Natural resources: A curse on education spending?

2016

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In line with the rising interest in harnessing natural resource revenues for economic and human development through productive government investments, this paper aims to address an important blind spot in our understanding of the "resource curse" by contributing innovative insights on how natural resource wealth impacts government priorities and expenditure practices. Using a large panel dataset of 140 countries covering the period from 1995 to 2009, we find an adverse effect of resource dependence on public education expenditures relative to GDP that is robust to controlling for a range of additional covariates. Furthermore, our findings indicate that this resource curse effect on the government prioritization of education mainly stems from point-source natural resources. These results are of particular importance for the sustainable management of natural resource wealth in developing countries, as they could achieve especially high returns by investing resource revenues in public goods such as education. While this paper underlines the importance of institutions and government accountability, our findings also raise questions on the role of the private sector as a partner in development, as the extractives industry could consider increasing funding for education through Corporate Social Responsibility (CSR) initiatives.

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Section: Conclusion and Policy Implicationsmentioning

confidence: 73%

Section: The Natural Resource Curse: Revisiting the Literaturementioning

confidence: 99%

Natural resources: A curse on education spending?

2016

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“…These publicly owned natural resources are managed by governments on behalf of the public (Alberta Department of Energy, 2007;Otto, 2001;O'Faircheallaigh, 1999). Revenues generated from natural resource royalties and taxes can be used to benefit the public in many ways including developing public infrastructure, creating jobs, and decreasing taxes (Markey & Heisler, 2011;Segal, 2012). In some jurisdictions, such as Alaska, revenues are distributed directly to the public (Segal, 2012).…”

Section: Fiscal Mechanismsmentioning

confidence: 99%

Evaluating British Columbia's economic policies for liquefied natural gas development

2021

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British Columbia is attempting to develop a large-scale liquefied natural gas (LNG) sector to export natural gas to Asia, with capital investments estimated to be as high as $40 billion for a single LNG plant. An alleged benefit of LNG development is increased revenue for the BC provincial government of over $27 billion. Our research investigates potential fiscal benefits for BC from LNG and the processes that were followed when developing the new LNG-related economic policies. Research methods include an analysis of relevant documents, interviews with key actors, and quantitative modeling of LNG revenue impacts. Results show that the primary objective of the fiscal mechanisms is to ensure that the LNG industry is developed in BC and maximizing the return to government is a secondary objective. Secondly, the process of developing the LNG policies did not follow best practices from a public policy perspective. Thirdly, the government's projected incremental revenue from an LNG export industry is significantly exaggerated.

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“…The concept is now widespread that natural resources are a public welfare (Segal, 2012). Therefore, all citizens should receive benefits from the extraction of natural resources.…”

Section: Introductionmentioning

confidence: 99%

Oil And Gas Activity And Regional Social Well-Being

Nagaeva¹

2020

European Proceedings of Social and Behavioural Sciences

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How to spend it: Resource wealth and the distribution of resource rents11The author would like to thank the The Kuwait Programme on Development, Governance and Globalisation in the Gulf States at the London School of Economics, and two anonymous referees for comments on the paper.

Cited by 35 publications

References 29 publications

Natural resources: A curse on education spending?

Natural resources: A curse on education spending?

Evaluating British Columbia's economic policies for liquefied natural gas development

Oil And Gas Activity And Regional Social Well-Being

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