Back to Search
Start Over
Resource Rents, Redistribution, and Halving Global Poverty: The Resource Dividend
- Source :
-
World Development . Apr2011, Vol. 39 Issue 4, p475-489. 15p. - Publication Year :
- 2011
-
Abstract
- Summary: 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 2000–06. 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. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 0305750X
- Volume :
- 39
- Issue :
- 4
- Database :
- Academic Search Index
- Journal :
- World Development
- Publication Type :
- Academic Journal
- Accession number :
- 58750611
- Full Text :
- https://doi.org/10.1016/j.worlddev.2010.08.013