Ideas to Action:

Independent research for global prosperity

Publications

 

December 20, 2011

Direct Redistribution, Taxation, and Accountability in Oil-Rich Economies: A Proposal - Working Paper 281

To enhance efficiency of public spending in oil-rich economies, this paper proposes that some of the oil revenues be transferred directly to citizens, and then taxed to finance public expenditures. The argument is that spending that is financed by taxation—rather than by resource revenues accruing directly to the government—is more likely to be scrutinized by citizens and hence subject to greater efficiency.

Shantayanan Devarajan , Hélène Ehrhart , Tuan Minh Le and Gaël Raballand