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

journal contribution
posted on 2023-06-07, 19:35 authored by Paul Segal
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.

History

Publication status

  • Published

Journal

World Development

ISSN

0305-750X

Publisher

Elsevier

Issue

4

Volume

39

Page range

475-489

Department affiliated with

  • Economics Publications

Full text available

  • No

Peer reviewed?

  • Yes

Legacy Posted Date

2012-02-06

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