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Do oil windfalls improve living standards? Evidence from Brazil

Caselli, Francesco and Michaels, Guy (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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Identification Number: 10.1257/app.5.1.208

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
Subjects: H Social Sciences > HJ Public Finance
H Social Sciences > HN Social history and conditions. Social problems. Social reform
Sets: Departments > Economics
Research centres and groups > Centre for Economic Performance (CEP)
Date Deposited: 23 Jan 2013 08:18
Last Modified: 21 Mar 2016 11:38
Funders: CEP, ESRC, Banco de España Professorship
URI: http://eprints.lse.ac.uk/id/eprint/48086

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