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Oil and the Case of Iraq

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  • Thomas Palley

Abstract

In the arguments over how best to rebuild Iraq, too little attention has been given to channeling the benefits of its oil reserves. In fact, too many nations have squandered their natural resources. This economist proposes an interesting plan to ensure that some proportion of oil revenues in Iraq go to both its citizens and its local governments.

Suggested Citation

  • Thomas Palley, 2004. "Oil and the Case of Iraq," Challenge, Taylor & Francis Journals, vol. 47(3), pages 94-112.
    • Handle: RePEc:mes:challe:v:47:y:2004:i:3:p:94-112
    DOI: 10.1080/05775132.2004.11034249
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    Cited by:

    1. Sandbu, Martin E., 2006. "Natural wealth accounts: A proposal for alleviating the natural resource curse," World Development, Elsevier, vol. 34(7), pages 1153-1170, July.
    2. Mohammad Reza Farzanegan & Mohammad Habibpour, 2014. "Direct Distribution of Rents and the Resource Curse in Iran: A Micro-econometric Analysis," CESifo Working Paper Series 4824, CESifo.
    3. Segal, Paul, 2011. "Resource Rents, Redistribution, and Halving Global Poverty: The Resource Dividend," World Development, Elsevier, vol. 39(4), pages 475-489, April.
    4. Morales, Juan Antonio, 2008. "Distribución Directa a las Personas de la Renta Hidrocarburífera: Impactos Macroeconómicos," Documentos de trabajo 7/2008, Instituto de Investigaciones Socio-Económicas (IISEC), Universidad Católica Boliviana.
    5. Asfaha, Samuel, 2007. "National Revenue Funds: Their Efficacy for Fiscal Stability and Intergenerational Equity," MPRA Paper 7656, University Library of Munich, Germany.
    6. Hjort, Jonas, 2006. "Citizen funds and Dutch Disease in developing countries," Resources Policy, Elsevier, vol. 31(3), pages 183-191, September.
    7. Kaznacheev, Peter, 2013. "Resource Rents and Economic Growth: Economic and institutional development in countries with a high share of income from the sale of natural resources. Analysis and recommendations based on internatio," EconStor Research Reports 121950, ZBW - Leibniz Information Centre for Economics.

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