Resource windfalls and public debt: the role of political myopia

Resource windfalls and public debt: the role of political myopia

We identify an adverse consequence of natural resource windfalls, which is partic-ularly detrimental in advanced democracies. We construct a political economy modelwith endogenous public debt under exogenous resource windfall shocks, in which po-litical myopia results from reelection prospects. Reel...

Bibliográfalaš dieđut
Váldodahkkit:	Raveh, O, Tsur, Y
Materiálatiipa:	Working paper
Almmustuhtton:	University of Oxford 2018

Geahča maid

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