Does Oil Revenue Crowd Out Other Tax Revenues? : Policy Lessons for Uganda

This paper examines the relationship between hydrocarbon and non-hydrocarbon revenues using a probabilistic panel model with data covering 30 resource-rich countries over 1992-2012. It also discusses policy implications for Uganda, a country with r...

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Main Authors:	Belinga, Vincent, Kaffo Melou, Maximillien, Nganou, Jean-Pascal
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2017
Subjects:	OIL REVENUE CROWDING OUT TAX REVENUE QUALITY OF INSTITUTIONS POLICY LESSONS
Online Access:	http://documents.worldbank.org/curated/en/245571493644820505/Does-oil-revenue-crowd-out-other-tax-revenues-policy-lessons-for-Uganda http://hdl.handle.net/10986/26500

id	okr-10986-26500
recordtype	oai_dc
spelling	okr-10986-265002021-06-08T14:42:45Z Does Oil Revenue Crowd Out Other Tax Revenues? : Policy Lessons for Uganda Belinga, Vincent Kaffo Melou, Maximillien Nganou, Jean-Pascal OIL REVENUE CROWDING OUT TAX REVENUE QUALITY OF INSTITUTIONS POLICY LESSONS This paper examines the relationship between hydrocarbon and non-hydrocarbon revenues using a probabilistic panel model with data covering 30 resource-rich countries over 1992-2012. It also discusses policy implications for Uganda, a country with recently discovered oil reserves. The findings show that although an increase in hydrocarbon revenues is likely to crowd out non-resource revenues, improved institutional quality could dampen or reverse this effect. In general, regulatory quality, rule of law, government effectiveness, and political stability are critically important governance indicators. In light of Uganda's forthcoming exploitation of its oil, the odds of avoiding the crowding out of non-resource revenues are high with a substantial improvement of institutional quality in terms of political stability, regulatory quality, and government effectiveness. Currently, these indicators stand very low for Uganda as compared with Botswana 2017-05-04T19:10:33Z 2017-05-04T19:10:33Z 2017-05 Working Paper http://documents.worldbank.org/curated/en/245571493644820505/Does-oil-revenue-crowd-out-other-tax-revenues-policy-lessons-for-Uganda http://hdl.handle.net/10986/26500 English en_US Policy Research Working Paper;No. 8048 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper Africa Uganda
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	OIL REVENUE CROWDING OUT TAX REVENUE QUALITY OF INSTITUTIONS POLICY LESSONS
spellingShingle	OIL REVENUE CROWDING OUT TAX REVENUE QUALITY OF INSTITUTIONS POLICY LESSONS Belinga, Vincent Kaffo Melou, Maximillien Nganou, Jean-Pascal Does Oil Revenue Crowd Out Other Tax Revenues? : Policy Lessons for Uganda
geographic_facet	Africa Uganda
relation	Policy Research Working Paper;No. 8048
description	This paper examines the relationship between hydrocarbon and non-hydrocarbon revenues using a probabilistic panel model with data covering 30 resource-rich countries over 1992-2012. It also discusses policy implications for Uganda, a country with recently discovered oil reserves. The findings show that although an increase in hydrocarbon revenues is likely to crowd out non-resource revenues, improved institutional quality could dampen or reverse this effect. In general, regulatory quality, rule of law, government effectiveness, and political stability are critically important governance indicators. In light of Uganda's forthcoming exploitation of its oil, the odds of avoiding the crowding out of non-resource revenues are high with a substantial improvement of institutional quality in terms of political stability, regulatory quality, and government effectiveness. Currently, these indicators stand very low for Uganda as compared with Botswana
format	Working Paper
author	Belinga, Vincent Kaffo Melou, Maximillien Nganou, Jean-Pascal
author_facet	Belinga, Vincent Kaffo Melou, Maximillien Nganou, Jean-Pascal
author_sort	Belinga, Vincent
title	Does Oil Revenue Crowd Out Other Tax Revenues? : Policy Lessons for Uganda
title_short	Does Oil Revenue Crowd Out Other Tax Revenues? : Policy Lessons for Uganda
title_full	Does Oil Revenue Crowd Out Other Tax Revenues? : Policy Lessons for Uganda
title_fullStr	Does Oil Revenue Crowd Out Other Tax Revenues? : Policy Lessons for Uganda
title_full_unstemmed	Does Oil Revenue Crowd Out Other Tax Revenues? : Policy Lessons for Uganda
title_sort	does oil revenue crowd out other tax revenues? : policy lessons for uganda
publisher	World Bank, Washington, DC
publishDate	2017
url	http://documents.worldbank.org/curated/en/245571493644820505/Does-oil-revenue-crowd-out-other-tax-revenues-policy-lessons-for-Uganda http://hdl.handle.net/10986/26500
_version_	1764462248538931200

Does Oil Revenue Crowd Out Other Tax Revenues? : Policy Lessons for Uganda

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