Direct Distribution of Resource Revenues: Worth Considering?
Abstract
Some scholars have argued that direct distribution of natural resource revenues to the population would help resource-rich countries escape the “resource curse.” This discussion note analyzes whether this proposal is a viable policy alternative for resource-rich countries. The first priority for policymakers is to establish fiscal policy objectives to support macroeconomic stability and development objectives. In this regard, the establishment of an adequate fiscal framework that informs decisions on how much to save and invest, or how to smooth out revenue volatility, and deal with exhaustibility issues should precede any discussion of direct distribution of resource wealth to the population.
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Citizen dividend schemes create political risks, as they may become highly politicized and subject to electoral bidding wars by populist politicians.
“Citizen dividend schemes also create their own political risks, as they may become highly politicized and subject to electoral bidding wars by populist politicians (Gupta, Segura-Ubiergo, and Flores 2014).”
From Using Natural Resources for Development: Why Has It Proven So Difficult? (2016) · cites this paper as Gupta, Segura-Ubiergo, and Flores 2014
Cites
Booming Sector and De-Industrialisation in a Small Open Economy
Corden, W. M., & Neary, J. P. (1982) · The Economic Journal · doi:10.2307/2232670 · Cited by 3,298 · see citing works
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Using Natural Resources for Development: Why Has It Proven So Difficult?
Venables, A. J. (2016) · Journal of Economic Perspectives · doi:10.1257/jep.30.1.161 · Cited by 634 · see citing works
- Authors
- Gupta, S., Segura-Ubiergo, A., & Flores, E.
- Affiliations
- International Monetary Fund (US)
- Venue
- Staff Discussion Notes
- Publisher
- International Monetary Fund (IMF)
- Published
- 2014-06
- Volume
- 2014
- Issue
- 005
- Pages
- 1
- ISSN
- 2221-030X (ISSN-L)
- 2617-6750
- OpenAlex
- W2955310473
- Cited by
- 18
- References
- 1
- Citations by year
- 2026: 1 · 2025: 2 · 2022: 1 · 2020: 2 · 2018: 2 · 2017: 4 · 2016: 1 · 2015: 5
- FWCI
- 9.29
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- IMF staff discussion note (publishedVersion)
- IMF staff discussion note (submittedVersion)
- RePEc: Research Papers in Economics (submittedVersion)
- Topics
- Social Sciences › Economics, Econometrics and Finance › General Economics, Econometrics and Finance › Natural Resources and Economic Development
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Fiscal Policies and Political Economy
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economic and Fiscal Studies
- Keywords
- natural resource revenues, resource curse, resource-rich countries, fiscal policy, fiscal framework, revenue volatility, macroeconomic stability
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