Do oil windfalls improve living standards? Evidence from Brazil

Caselli, Francesco ORCID: 0009-0001-5191-7156 and Michaels, Guy ORCID: 0000-0002-8796-4536 (2013) Do oil windfalls improve living standards? Evidence from Brazil. American Economic Journal: Applied Economics, 5 (1). pp. 208-238. ISSN 1945-7782

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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.

Item Type:	Article
Official URL:	http://www.aeaweb.org/aej-applied/
Additional Information:	© 2013 American Economic Association
Divisions:	Economics Centre for Economic Performance
Subjects:	H Social Sciences > HJ Public Finance H Social Sciences > HN Social history and conditions. Social problems. Social reform
JEL classification:	H - Public Economics > H4 - Publicly Provided Goods > H41 - Public Goods H - Public Economics > H7 - State and Local Government; Intergovernmental Relations > H75 - State and Local Government: Health, Education, and Welfare I - Health, Education, and Welfare > I3 - Welfare and Poverty > I31 - General Welfare; Basic Needs; Living Standards; Quality of Life; Happiness O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O13 - Agriculture; Natural Resources; Energy; Environment; Other Primary Products O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O15 - Human Resources; Human Development; Income Distribution; Migration O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O17 - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements: Legal, Social, Economic, and Political O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O18 - Regional, Urban, and Rural Analyses
Date Deposited:	23 Jan 2013 08:18
Last Modified:	13 Nov 2024 21:33
Funders:	CEP, ESRC, Banco de España Professorship
URI:	http://eprints.lse.ac.uk/id/eprint/48086

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