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PurposeThis paper investigates the effect of the volatility of resource revenue on the volatility of non-resource revenue.Design/methodology/approachThe empirical analysis has utilized an unbalanced panel data set comprising 54 countries over the period 1980–2015. The two-step system generalized methods of moments (GMM) is the main economic approach used to carry out the empirical analysis.FindingsResults show that resource revenue volatility generates lower non-resource revenue volatility only when the share of resource revenue in total public revenue is lower than 18%. Otherwise, higher resource revenue volatility would result in a rise in non-resource revenue volatility.Research limitations/implicationsIn light of the adverse effect of volatility of non-resource revenue on public spending, and hence on economic growth and development prospects, countries whose total public revenue is highly dependent on resource revenue should adopt appropriate policies to ensure the rise in non-resource revenue, as well as the stability of the latter.Practical implicationsEconomic diversification in resource-rich countries (particularly in developing countries among them) could contribute to reducing the dependence of economies on natural resources, and hence the dependence of public revenue on resource revenue. Therefore, policies in favour of economic diversification would contribute to stabilizing non-resource revenue, which is essential for financing development needs.Originality/valueTo the best of our knowledge, this topic has not been addressed in the literature.

The main objective of this study was to examine the asymmetric effect of resource tax revenues on non-resource ones in oil-rich countries, as most previous research on the subject has assumed a symmetric resource-non-resource tax revenue nexus. We employed linear ARDL model to analyze the short- and long-term effects and found a negative relationship between resource and non-resource tax revenues. Based on nonlinear ARDL model estimates, empirical results provide strong evidence for the asymmetric effect of resource tax revenues. In the long-run, positive shocks have negative impacts on non-resource tax revenues. Conversely, negative shocks were found to not lead to increased non-resource tax revenues. In addition, findings show that the short-term effects are stronger when resource tax revenues increase.

This paper examines whether the Internet has led to a shift from reliance on resource revenue towards progressive reliance on non-resource revenue, which is ultimately a sustainable source of public revenue. The analysis has been carried out using a sample of 99 countries, including both developed and developing countries, over 1995–2015. Empirical results obtained from the use of the two-step system GMM approach suggest that the Internet induces a change in the structure of public revenue, in particular from resource revenue towards non-resource revenue. In addition, this effect is higher for less advanced countries than for more advanced economies. Thus, the Internet could be a powerful tool for governments to reduce their dependence on resource revenue, in particular in resource-rich countries.

This paper analysed political aspects of the resource curse in selected African states. The paper drew from the fact that the African region has extensive (untapped) natural resources deposits that, if utilised, can promote sustainable economic development. But despite the presence of these natural resources, the African region is poverty-stricken and still under-developed. Literature identified politics as among the factors that affect Africa's capacity to invest revenue from natural resources. Studies showed that there are close links between politics and the management of extractives. The study employed the PMG (ARDL) and the FMOLS for the period 1995-2016. Results from the study showed a positive relationship between efficient functioning of government and resource rents. There is also evidence for causality running from efficient functioning of government to resource rents and not vice versa. This shows that government performance is crucial for better performance in the natural resource extraction sector. Based on the findings, this study recommends that governments in African countries should improve on governance and the way the public sector institutions function. Harnessing the weak and politically fragile public institutions is important in order to kick start markets. The effective functioning of government institutions can be strengthened by eliminating corruption, stabilising property rights and investing in fiscal capacity.

This paper examines the rise of premature Sovereign Wealth Funds (SWFs) in Africa by looking at the case of Zimbabwe. Grounded in the presource curse hypothesis, the study analyses how, despite an IMF warning, Zimbabwe established an SWF without robust fiscal governance, later transforming it into a holding company for insolvent state-owned enterprises (SOEs). Drawing on elite interviews and documentary analysis, the study identifies three drivers: inappropriate and obligated policy transfer; the symbolic appeal of financial modernity; and regime maintenance through elite patronage. The findings reveal how such funds, divorced from institutional prerequisites, exacerbate governance deficits and rent-seeking. The paper contributes to debates on natural resource management by highlighting the “presource curse”, where anticipation of resource wealth triggers destructive policymaking. It calls for context-sensitive reforms prioritising transparency over isomorphic mimicry.

This paper explores the dynamic interactions between natural resource dependence, corruption, and tax revenue mobilization worldwide. The empirical analysis used a cross-section augmented autoregressive distributed lag (CS-ARDL) approach that accounts for time dynamics, cross-sectional heterogeneity, and cross-sectional dependence. The results show that the interaction between natural resource dependence, corruption, and tax revenue mobilization is complex and depends on the type of tax revenue. For example, reducing corruption stimulates non-resource tax revenue mobilization compared to total tax revenue; however, tax revenue mobilization is sometimes a source of corruption and evasion of natural resource rents. The results suggest that tax administration institutions need to be strengthened to limit predatory and rent-seeking behavior.

How should small states formulate a countercyclical fiscal policy to achieve economic stability and fiscal sustainability when they are prone to natural disasters, climate change, commodity price changes, and uncertain donor grants? We study how natural disasters and climate change affect long-term debt dynamics, and we propose cutting-edge fiscal policy rules. We find the primacy of a recurrent expenditure rule based on non-resource and non-grant revenue, interdependently determined by government debt and budget balance targets with expected disaster shocks. This innovative fiscal rule is classified as a natural disaster-resilient fiscal rule, which comprises a plethora of new advantages compared to existing fiscal rules. This new type of fiscal rule can be called as the third-generation fiscal rule. It encompasses natural disasters and climate change, uses budget data only, avoids the need for escape clauses, and operates on a timely basis. Our rule-based fiscal policy framework is practically applicable for many developing countries facing an increasing frequency and impact of devastating natural hazards, and climatic change.

Purpose This paper aims to investigate empirically how international tourism receipts influence public revenue, in particular non-resource revenue. Design/methodology/approach The analysis relies on an unbalanced panel of 156 countries (including both developed and developing countries) over the period 1995-2015. The empirical analysis uses the two-step system generalized methods of moments estimator. Findings The empirical results show that international tourism receipts exert a positive and significant impact on non-resource tax revenue. In addition, this effect increases as countries' development levels rise, which signifies that in terms of non-resource tax revenue, an increase in international tourism receipts benefit much more to advanced economies than to less advanced economies. Research limitations/implications These findings call for governments notably in developing countries to develop the tourism sector and concurrently to strengthen tax administrations (and possibly design appropriate tax policy for the tourism sector) to derive the full advantage in terms of public revenue from the rise in international tourism receipts. Practical implications The analysis highlights the importance of international tourism receipts for public revenue. This would help scholars and policymakers have a clearer view, at least in terms of magnitude, on the impact of international tourism receipts on non-resource tax revenue. Originality/value To the best of the author’s knowledge, this is first the study that investigates this topic. Purpose 本文就国际旅游收入如何影响公共收入尤其是非资源收入的问题, 进行了实证研究。 Design/methodology/approach 本文的分析基于1995年至2015年期间由156个国家（包括发达国家和发展中国家）组成的不平衡小组的数据。 实证分析采用两步法通用矩量法（GMM）估计。 Findings 实证结果表明, 国际旅游收入对非资源税收入产生了积极而显著的影响。 而且, 这种影响随着国家发展水平的提高而增加, 这表明就非资源税收入而言, 国际旅游收入的增加对发达经济体的收益要比对较不发达经济体的收益大得多。 Research limitations/implications 结果表明, 各国政府尤其是发展中国家的政府, 应当发展旅游业, 同时加强税收管理（并可能为旅游业设计适当的税收政策）, 以便从国际旅游业的增长中获得公共收入方面的最大收益。 Practical implications 分析强调了国际旅游收入对公共收入的重要性。 这将有助于学者和决策者对国际旅游收入对非资源税收入的影响（至少在规模上）有更清晰的认识。 Originality/value 据我们所知, 本文是第一个研究该主题的研究。 Keywords 旅游外汇收入，非资源性收入 Paper type 研究论文 Propósito El artículo investiga empíricamente, cómo los ingresos internacionales por turismo influyen en los ingresos públicos, en particular, todos aquellos ingresos “no relacionados” con los recursos turísticos. Diseño/metodología/enfoque El análisis se basa en un panel no-equilibrado de 156 países (incluidos países desarrollados y en desarrollo) durante el período 1995-2015. El análisis empírico que se aplica, se fundamente en dos fases sobre el estimador de Métodos Generalizados de Momentos (GMM). Resultados Los resultados muestran que los ingresos internacionales por turismo, ejercen un impacto positivo y significativo, en los ingresos fiscales no relacionados con los recursos turísticos. Además, este efecto aumenta, a medida que aumentan los niveles de desarrollo de los países, lo que significa que, en términos de ingresos fiscales, no relacionados con los recursos, un aumento en los ingresos internacionales por turismo, beneficia mucho más a las economías avanzadas, que a las economías menos avanzadas. Limitaciones/implicaciones de la investigación Los descubrimientos de este trabajo, exigen que los gobiernos, en particular en los países en desarrollo, fomenten el sector turístico y al mismo tiempo, fortalezcan las administraciones tributarias (y posiblemente diseñen una política fiscal adecuada para el sector turístico), con el fin de obtener una ventaja total, en términos de ingresos públicos por el aumento de los ingresos del turismo internacional. Implicaciones prácticas El análisis destaca la importancia de los ingresos por el turismo internacional en los ingresos públicos. Esto ayudaría a los académicos y gestores de políticas a tener una visión más clara, al menos en términos de magnitud, sobre el impacto de los ingresos por el turismo internacional en los ingresos fiscales no relacionados con los recursos turísticos. Originalidad/valor Hasta donde sabemos, este es primero el estudio que investiga este tema. Palabras claves Recibos de turismo internacional, Ingresos no recurrentes Tipo de papel Trabajo de investigación

This study explores potential implications of Arctic oil and gas exploration for public finance, with the Norwegian Lofoten region as a valuation case. A model is calibrated to turn oil and gas resource estimates into projections for investment, production, and net cash flows, which are discounted to assess the direct impact for the government budget. With the Norwegian oil fund mechanism and fiscal policy rule, Lofoten oil and gas revenues could add fiscal capacity in the range of 0.1–2.4 per cent of the current government budget, implying a permanent increase in annual government spending (or tax relief) of 24–220 USD per capita. Corresponding implications for other resource-rich countries in the Arctic depend on their resource potential and the relative role of oil and gas in their economy.

By surveying formal models, I demonstrate that the political resource curse is the misallocation of revenues from natural resources and other windfall gains by political agents. I show that the curse always exists if political agents are rent-seeking, since mechanisms of government accountability, e.g. electoral competition, the presence of political challengers, and even the threat of violent conflict, are inherently imperfect. However, the scope for rent-seeking becomes more limited as the competition over political power that threatens the incumbent government becomes more intense.