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Author
Date
2009Type
- Working Paper
ETH Bibliography
yes
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Abstract
This article proposes a complementary explanation for why oil-rich economies have experienced a relative low GDP growth over the last decades: the proportion of taxes in the prices of petroleum products have been globally increasing for the four last decades, thus making oil revenues grow slower than output from manufacturing and yielding a low growth of oil-exporting countries' GDPs. This is illustrated in a two-country model of oil depletion examining why a net oil-exporting country and a net oil-importing country are differently affected by increasing taxes on the resource use. The hypothesis is constructed on the theory of non-renewable resources taxation. The argument is based on the distributional effects of taxes on exhaustible resources, that are mainly borne by the suppliers. The theoretical predictions are not invalidated when put up against available statistics. Show more
Permanent link
https://doi.org/10.3929/ethz-a-005751082Publication status
publishedJournal / series
Economics Working PapersVolume
Publisher
Center of Economic Research, ETHSubject
Oil curse; KAPITALERTRAGSSTEUERN + EINKOMMENSSTEUERN; Oil revenues; ERDÖLINDUSTRIE; ECONOMY OF DEVELOPING COUNTRIES + ECONOMY OF THE THIRD WORLD; PETROLEUM INDUSTRY; Taxes; CAPITAL INCOME TAXES + INCOME TAXES; GDP; MAKROÖKONOMISCHE MODELLE (OPERATIONS RESEARCH); ECONOMIC GROWTH; WIRTSCHAFTSWACHSTUM; Non-renewable resources; MACROECONOMIC MODELS (OPERATIONS RESEARCH); WIRTSCHAFT DER ENTWICKLUNGSLÄNDER + WIRTSCHAFT DER DRITTEN WELTOrganisational unit
02045 - Dep. Geistes-, Sozial- u. Staatswiss. / Dep. of Humanities, Social and Pol.Sc.
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ETH Bibliography
yes
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