Resource Dependence and Fiscal Effort in Sub-Saharan Africa /

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Bibliographic Details
Author / Creator:	Thomas, Alun H. (Alun Huw), author.
Imprint:	International Monetary Fund, 2013.
Description:	1 online resource
Language:	English
Series:	IMF working paper ; WP/13/188 IMF working paper ; WP/13/188.
Subject:	Finance -- Africa, Sub-Saharan. Economic history. Finance. Africa, Sub-Saharan -- Economic conditions. Sub-Saharan Africa.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12502153

Hidden Bibliographic Details
Other authors / contributors:	Treviño, Juan P. (Juan Pedro), author.
ISBN:	129996396X 9781299963962 9781484352427 1484352424
Notes:	Print version record.
Summary:	High natural resource prices in recent years have resulted in sizeable increases in fiscal revenue for many resource-exporting countries in sub-Saharan Africa. However, this revenue source is volatile, and arguably these countries should also rely on other forms of taxation to help fund public expenditure. This paper asks whether the availability of higher resource revenue in these countries has led to lower taxation effort of other revenue categories. The question is analyzed both in terms of the relationship between non-resource tax revenue and resource revenue, and between non-resource tax revenue and statutory tax rates. The paper finds evidence suggesting that nonresource revenue is negatively influenced by a higher resource revenue-to-GDP ratio. The lower take up of nonresource taxes in resource-rich countries is correlated with higher levels of corruption in these countries, suggesting weaker institutions affect nonresource revenue through incentives for tax evasion and/or large tax exemptions as argued in the literature.
Other form:	Print version: 9781299963962

Table of Contents:

Cover; Abstract; Contents; I. Introduction; II. Revenue and Expenditure Aggregates in Sub-Saharan Africa; Figures; 1. Resource Exports; 2. Resource Revenue in Resource-Intensive Countries; Boxes; 1. Non-Renewable Natural Resources in Sub-Saharan Africa; 3. Fiscal Revenue and Expenditure Ratios; III. Estimating the Tax Effort; 4. Resource vs. Nonresource Revenue; Tables; 1. Tax Effort Panel Regression Results; 5. Fixed Effects and Control of Corruption; IV. Tax Policy or Tax Effort?; 6. Statutory Tax Rates in 2011; 7. Indices of Quality of Institutions.
2. Effect of Statutory Tax Rates on Nonresource RevenueV. Conclusions and Further Research; References.

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