Natural resources, decentralization, and risk sharing: can resource booms unify nations?
Previous studies imply that a positive regional fiscal shock, such as a resource boom, strengthens the desire for separation. In this paper we present a new and opposite perspective. We construct a model of endogenous fiscal decentralization that builds on two key notions: a trade-off between risk s...
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| Format: | Working paper |
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University of Oxford
2015
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