The resource curse is sometimes associated with poor resource-rich countries. However, using panel evidence from the United States, we find that also prevalent in a wealthy country. This study investigates impact of oil resources on income inequality, particular focus distinguishing between effects abundance (i.e. production) versus dependency consumption). We observe contrasting non-monotonic ...

In the winter of 1973, some major oil exporting countries joined together to declare an embargo on oil exports to some of the western countries for political reasons. Elated by their success and the realization that they controlled a major share of the oil exports, they subsequently raised the price of oil four-fold and cut back production, thereby obtaining, in the face of an almost inelastic ...

Legalized gambling is an attractive option to state governments facing tightening fiscal constraints. Yet, the empirical evidence on the effect of gambling on state revenues is limited. Most studies examine a single industry in a single state, and for a relatively short period of time. This study provides a more general analysis of gambling industries and their effects on state revenues. We use...

The objective of this research is to determine the impact oil exports on poverty reduction in African exporting countries. study spanned over 30 years, from 1991 2020, and relied secondary data extracted ten (10) highest oil-producing countries Africa. human development index (HDI) was used as a proxy for reduction. Panel ARDL technique analyse data. According findings study, using revenues exp...

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The article describes the past and future energy natural resources policies in Russia. authors consider main trends prospects state policy. shows relationship between National Welfare Fund growth decline consumption. argue ability of raw materials revenues to solve problems social financing. analysis relies on VAR VECM-model test generated hypotheses. model explores changes prices proportion in...

The traditional theory of fiscal federalism prescribes a very limited tax base for subnational governments. The only "good" local taxes are said to be those (1) that are easy to administer locally, (2) that are imposed solely (or mainly) on local residents, and (3) that do not raise problems of "harmonization" or "competition" between subnational governments or between subnational and national ...