The fiscal effects of natural resource dependency in sub-Saharan Africa

IF 3.5 4区 社会学 Q2 ENVIRONMENTAL SCIENCES Natural Resources Forum Pub Date : 2024-01-13 DOI:10.1111/1477-8947.12400
Rosemary S. Taylor
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Abstract

This study investigates the fiscal implications of natural resource dependence in resource-rich sub-Saharan African economies, particularly focusing on the impact of resource revenues on tax revenues, government spending and national savings to assess the sustainability of natural resource reinvestments. Employing a two-step system Generalized Method of Moments on a dataset with 672 observations, the study identifies significant reductions in non-resource tax revenues, government current consumption and overall savings associated with an increase in resource revenues. Conversely, a positive coefficient is noted for public investment. The study underscores the importance of high-quality institutions in mitigating adverse effects and controlling increased public investments. Recommendations include directing resource revenues towards well-structured taxation frameworks and investing in efficient institutions to manage current consumption, monitor public investment growth and enhance savings. These measures are crucial for curbing procyclical spending and promoting sustainable development in resource-rich sub-Saharan African economies.
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撒哈拉以南非洲自然资源依赖性的财政影响
本研究调查了撒哈拉以南非洲资源丰富的经济体对自然资源依赖的财政影响,尤其关注资源收入对税收、政府支出和国民储蓄的影响,以评估自然资源再投资的可持续性。该研究对一个包含 672 个观测值的数据集采用了两步系统广义矩法,发现与资源收入增加相关的非资源税收、政府经常性消费和总体储蓄显著减少。相反,公共投资的系数为正。研究强调了高质量机构在减轻不利影响和控制公共投资增加方面的重要性。建议包括将资源收入用于结构合理的税收框架,投资于高效的机构以管理当前消费、监测公共投资增长和增加储蓄。这些措施对于遏制顺周期支出和促进资源丰富的撒哈拉以南非洲经济体的可持续发展至关重要。
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来源期刊
Natural Resources Forum
Natural Resources Forum 环境科学-环境科学
CiteScore
6.10
自引率
0.00%
发文量
24
审稿时长
>36 weeks
期刊介绍: Natural Resources Forum, a United Nations Sustainable Development Journal, focuses on international, multidisciplinary issues related to sustainable development, with an emphasis on developing countries. The journal seeks to address gaps in current knowledge and stimulate policy discussions on the most critical issues associated with the sustainable development agenda, by promoting research that integrates the social, economic, and environmental dimensions of sustainable development. Contributions that inform the global policy debate through pragmatic lessons learned from experience at the local, national, and global levels are encouraged. The Journal considers articles written on all topics relevant to sustainable development. In addition, it dedicates series, issues and special sections to specific themes that are relevant to the current discussions of the United Nations Commission on Sustainable Development (CSD). Articles must be based on original research and must be relevant to policy-making. Criteria for selection of submitted articles include: 1) Relevance and importance of the topic discussed to sustainable development in general, both in terms of policy impacts and gaps in current knowledge being addressed by the article; 2) Treatment of the topic that incorporates social, economic and environmental aspects of sustainable development, rather than focusing purely on sectoral and/or technical aspects; 3) Articles must contain original applied material drawn from concrete projects, policy implementation, or literature reviews; purely theoretical papers are not entertained.
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