American Economic Journal:
Applied Economics
ISSN 1945-7782 (Print) | ISSN 1945-7790 (Online)
Do Oil Windfalls Improve Living Standards? Evidence from Brazil
American Economic Journal: Applied Economics
vol. 5,
no. 1, January 2013
(pp. 208–38)
Abstract
We use variation in oil output among Brazilian municipalities to investigate the effects of resource windfalls on government behavior. Oil-rich municipalities experience increases in revenues and report corresponding increases in spending on public goods and services. However, survey data and administrative records indicate that social transfers, public good provision, infrastructure, and household income increase less (if at all) than one might expect given the higher reported spending. (JEL H41, H75, I31, O13, O15, O17, O18)Citation
Caselli, Francesco, and Guy Michaels. 2013. "Do Oil Windfalls Improve Living Standards? Evidence from Brazil." American Economic Journal: Applied Economics, 5 (1): 208–38. DOI: 10.1257/app.5.1.208Additional Materials
JEL Classification
- H41 Public Goods
- H75 State and Local Government: Health; Education; Welfare; Public Pensions
- I31 General Welfare
- O13 Economic Development: Agriculture; Natural Resources; Energy; Environment; Other Primary Products
- O15 Economic Development: Human Resources; Human Development; Income Distribution; Migration
- O17 Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
- O18 Economic Development: Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
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