The Natural Resource Curse and Fiscal Decentralization

Pérez-Sebastián, Fidel; Raveh, Ohad

doi:10.1093/ajae/aav051

Cited by 43 publications

(15 citation statements)

References 50 publications

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“…Given that the quality of the institution determines the quality of economic development to some extent, fiscal expenditure as an important institutional means of government macro-control is of great significance to high-quality economic development. Numerous studies have confirmed that there exist important linkages between fiscal expenditures and fiscal decentralization, local government coemption as well as "promotional incentives", which might affect GTFP [51][52][53]. Taking different countries and regions as research objects, most scholars have reached a consistent conclusion that fiscal expenditure is not conducive to the growth of GTFP.…”

Section: Literature Reviewmentioning

confidence: 99%

Relationship between FDI, fiscal expenditure and green total-factor productivity in China: From the perspective of spatial spillover

Wang

Zhang

2021

PLoS ONE

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Deeply investigating the relationship between foreign direct investment (FDI), fiscal expenditure and green total-factor productivity (GTFP) is beneficial to formulating effective policies to promote the high-quality development in China. Based on theoretical mechanism analysis, with panel data of China’s mainland 30 provinces during 2003–2017, this paper utilizes spatial econometric model to empirically explore the effects of FDI, fiscal expenditure and their interaction item on the growth of GTFP in China. The results show that FDI significantly promote the growth of the local and its neighboring GTFP, and both fiscal expenditure and the interaction between FDI and fiscal expenditure exert significantly negative effects on the growth of GTFP in the local and its neighboring regions. A series of robustness checks and the endogeneity test can ensure the reliability of these results. In addition, great heterogeneity can be found across China’s different regions in the relationship between FDI, fiscal expenditure and GTFP. The conclusions suggest that it is necessary to give fully play to the synergy between FDI and fiscal expenditure and formulate regionally targeted policies to improve GTFP and promote high-quality development in China.

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Section: Literature Reviewmentioning

confidence: 99%

Relationship between FDI, fiscal expenditure and green total-factor productivity in China: From the perspective of spatial spillover

Wang

Zhang

2021

PLoS ONE

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“…Betz et al [12] did not find strong evidence of a resources curse in the United States, except that coal mining had a negative association with population growth and entrepreneurship. Perez-Sebastian and Raveh [13] found that whether natural resource abundance is a blessing or a curse depends on the degree of fiscal decentralization. Kim and Lin [14] found that countries with scarce resources tended to develop more quickly than resource-based economies.…”

Section: Literature Reviewmentioning

confidence: 99%

Resource Price Fluctuations, Resource Dependence and Sustainable Growth

Wang

Yang

et al. 2019

Sustainability

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The previous literature on the resource curse has not taken resource price fluctuations into account. Using panel data covering the period from 1993 to 2017 from 28 provinces in China and dynamic generalized method of moments (GMM), this article takes a fresh look at the relationship between resource dependence and sustainable economic growth and the potential transmission mechanisms taking resource price fluctuations into consideration. We find that resource price fluctuations represent an important factor when researching the resource curse, and there is a U-shaped relationship between resource dependence and sustainable economic growth. However, over the past 20 years, provinces in China remained on the left of the U-shaped curve, and there is a single negative correlation between resource dependence and sustainable economic growth. This means that resource curse occurs in nearly all provinces in China. The analysis of transmission mechanisms of indirect effects taking resource price fluctuations into consideration shows that human capital investment and physical capital investment are more important than other mechanisms, and there are considerably more indirect effects than direct effects when taking into account the total effects of the resource curse.

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“…Рентные доходы на региональном уровне искажают систему стимулов и ведут к повышенной централизации бюджетной системы . С другой стороны, бюджетная децентрализация в условиях ресурсной экономики способна негативно влиять на экономическое развитие, поэтому политика централизации может быть оправданна [Perez-Sebastian F., Raveh O., 2016].…”

Section: динамика внутрирегиональной (местной) бюджетной децентрализаunclassified

Federal Intergovernmental Transfers and the Level of Intraregional Fiscal Decentralization in Russia

Тимушев¹

2019

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The Natural Resource Curse and Fiscal Decentralization

Cited by 43 publications

References 50 publications

Relationship between FDI, fiscal expenditure and green total-factor productivity in China: From the perspective of spatial spillover

Relationship between FDI, fiscal expenditure and green total-factor productivity in China: From the perspective of spatial spillover

Resource Price Fluctuations, Resource Dependence and Sustainable Growth

Federal Intergovernmental Transfers and the Level of Intraregional Fiscal Decentralization in Russia

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