This paper proposes that, to increase the efficiency of public spending in oil-rich economies, some or all of the oil revenues be transferred to citizens, and fiscal instruments such as taxation be used to finance public expenditures. The authors develop the case as follows. First, they confirm the well-known result that public-expenditure efficiency is lower in oil-rich countries compared with other developing countries. Second, they show that this...
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INFORMATION
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2010/04/01
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Document de travail de recherche sur les politiques
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WPS5287
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1
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1
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2010/07/01
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Disclosed
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Increasing public expenditure efficiency in oil-rich economies : a proposal
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Public Spending
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