Resource Rents, Redistribution, and Halving Global Poverty: The Resource Dividend

Segal, Paul (2010) Resource Rents, Redistribution, and Halving Global Poverty: The Resource Dividend. World Development, 39 (4). pp. 475-489. ISSN 0305-750X

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Abstract

This paper considers the proposal that each country distributes its resource rents directly to citizens as a universal and unconditional cash transfer, or Resource Dividend, and estimates its potential impact on global poverty for the years 200006. Using a global dataset on resource rents and the distribution of income, I find that if every developing country implemented the policy then the number of people living below $1-a-day would be cut by between 27% and 66%, depending on the year and the assumptions made. Looking ahead, poverty could be better than halved as long as commodity prices do not drop below their 2004 level.

Item Type: Article
Schools and Departments: School of Business, Management and Economics > Economics
Depositing User: Paul Segal
Date Deposited: 06 Feb 2012 18:19
Last Modified: 08 Jun 2012 09:10
URI: http://sro.sussex.ac.uk/id/eprint/15769
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