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Oil to Cash: Fighting the Resource Curse through Cash Transfers

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  • Todd Moss

Abstract

Many of the world’s poorest and most fragile states are joining the ranks of oil and gas producers. These countries face critical policy questions about managing and spending new revenue in a way that is beneficial to their people. At the same time, a growing number of developing countries have initiated cash transfers as a response to poverty, and these programs are showing some impressive results. Here it is proposed putting these two trends together: countries seeking to manage new resource wealth should consider distributing income directly to citizens as cash transfers. Beyond serving as a powerful and proven policy intervention, cash transfers may also mitigate the corrosive effect natural resource revenue often has on governance. [Working Paper no. 237].

Suggested Citation

  • Todd Moss, 2011. "Oil to Cash: Fighting the Resource Curse through Cash Transfers," Working Papers id:3489, eSocialSciences.
    • Handle: RePEc:ess:wpaper:id:3489
    Note: Institutional Papers
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    Citations

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    Cited by:

    1. Mr. Alan H. Gelb & Mr. Arnaud Dupuy & Mr. Rabah Arezki, 2012. "Resource Windfalls, Optimal Public Investment and Redistribution: The Role of Total Factor Productivity and Administrative Capacity," IMF Working Papers 2012/200, International Monetary Fund.
    2. Pedro L. Rodríguez, José R. Morales, Fancisco J. Monaldi, 2012. "Direct Distribution of Oil Revenues in Venezuela: A Viable Alternative?," Working Papers 306, Center for Global Development.
    3. World Bank, "undated". "Africa's Pulse, April 2013 : An Analysis of Issues Shaping Africa's Economic Future," World Bank Publications - Reports 20238, The World Bank Group.
    4. Poncian, Japhace & Jose, Jim, 2019. "Resource governance and community participation: Making hydrocarbon extraction work for Tanzania," Resources Policy, Elsevier, vol. 62(C), pages 84-93.
    5. Siakwah, Pius, 2017. "Are natural resource windfalls a blessing or a curse in democratic settings? Globalised assemblages and the problematic impacts of oil on Ghana's development," Resources Policy, Elsevier, vol. 52(C), pages 122-133.
    6. Segal, Paul, 2012. "How to spend it: Resource wealth and the distribution of resource rents," Energy Policy, Elsevier, vol. 51(C), pages 340-348.
    7. Rabah Arezki & Arnaud Dupuy & Alan Gelb, 2021. "Working Paper 348 - Resource Windfalls, Optimal Public Investment and Redistribution," Working Paper Series 2474, African Development Bank.
    8. Namazi, Mehdi & Mohammadi, Emran, 2018. "Natural resource dependence and economic growth: A TOPSIS/DEA analysis of innovation efficiency," Resources Policy, Elsevier, vol. 59(C), pages 544-552.
    9. Armando Barrientos, 2016. "Inequality, Poverty, and Antipoverty Transfers," Working Papers id:11190, eSocialSciences.
    10. repec:ilo:ilowps:488131 is not listed on IDEAS
    11. Roy Maconachie & Radhika Srinivasan & Nicholas Menzies, 2015. "Responding to the Challenge of Fragility and Security in West Africa," World Bank Publications - Reports 22511, The World Bank Group.
    12. Giorgio Brosio & Raju Jan Singh, 2014. "Revenue Sharing of Natural Resources in Africa : Reflections from a Review of International Practices," World Bank Publications - Reports 20062, The World Bank Group.
    13. Nina Morozko & Natalia Morozko & Valentina Didenko, 2021. "Energy Prices and Households Incomes Growth Proportions in Russia s Case Context," International Journal of Energy Economics and Policy, Econjournals, vol. 11(3), pages 243-250.
    14. McGuirk,Eoin & Rajaram,Anand & Giugale,Marcelo, 2016. "The political economy of direct dividend transfers in resource-rich countries : a theoretical consideration," Policy Research Working Paper Series 7575, The World Bank.
    15. Alan Gelb & Kai Kaiser & Lorena Viñuela, 2012. "How Much Does Natural Resource Extraction Really Diminish National Wealth? The Implications of Discovery," Working Papers id:4874, eSocialSciences.
    16. Hagan, Andrew J. & Tost, Michael & Inderwildi, Oliver R. & Hitch, Michael & Moser, Peter, 2021. "The license to mine: Making resource wealth work for those who need it most," Resources Policy, Elsevier, vol. 74(C).
    17. Ray, Nikhil. & Velasquez, Agustin. & Islam, Iyanatul,, 2015. "Fiscal rules, growth and employment : a developing country perspective," ILO Working Papers 994881313402676, International Labour Organization.
    18. Alan Gelb, Kai Kaiser, and Lorena Vinuela, 2012. "How Much Does Natural Resource Extraction Really Diminish National Wealth? The Implications of Discovery - Working Paper 290," Working Papers 290, Center for Global Development.
    19. Banegas Rivero, Roger Alejandro & Vergara González, Reyna, 2019. "Evaluación de escenarios fiscales para Bolivia," Revista Latinoamericana de Desarrollo Economico, Carrera de Economía de la Universidad Católica Boliviana (UCB) "San Pablo", issue 32, pages 132-168, November.

    More about this item

    Keywords

    policy intervention; governance; cash transfers; poverty; wealth; developing countries; natural resource;
    All these keywords.

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