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Direct Redistribution and Taxation in Oil-rich Economies: A Proposal
unpublished
This paper proposes that, to enhance the efficiency of public spending in oil-rich economies, some or all of the oil revenues be transferred to citizens, and then this amount would be taxed to lead to increased citizens' scrutiny over public expenditures. The authors develop the case as follows. First, they confirm the well-known result that public-expenditure efficiency is lower in oil-rich countries compared with other developing countries. Second, they develop a theoretical model to explain
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