Natural resource windfalls and efficiency of local government expenditures: evidence from Peru

dc.creatorArdanaz, Martin
dc.creatorMaldonado, Stanislao
dc.date.accessioned2016-05-17T15:08:04Z
dc.date.available2016-05-17T15:08:04Z
dc.date.created2016-05-17T15:08:04Z
dc.date.issued2013
dc.identifierhttp://repository.urosario.edu.co/handle/10336/12036
dc.identifierhttps://doi.org/10.48713/10336_12036
dc.description.abstractWe study the role of natural resource windfalls in explaining the efficiency of public expenditures. Using a rich dataset of expenditures and public good provision for 1,836 municipalities in Peru for period 2001-2010, we estimate a non-monotonic relationship between the efficiency of public good provision and the level of natural resource transfers. Local governments that were extremely favored by the boom of mineral prices were more efficient in using fiscal windfalls whereas those benefited with modest transfers were more inefficient. These results can be explained by the increase in political competition associated with the boom. However, the fact that increases in efficiency were related to reductions in public good provision casts doubts about the beneficial effects of political competition in promoting efficiency.
dc.languagespa
dc.publisherUniversidad del Rosario
dc.publisherFacultad de Economía
dc.relationhttps://ideas.repec.org/p/col/000092/014578.html
dc.relationSerie Documentos de trabajo. Economía
dc.rightshttp://creativecommons.org/licenses/by-nc-nd/2.5/co/
dc.rightsinfo:eu-repo/semantics/openAccess
dc.rightsAbierto (Texto completo)
dc.rightsAtribución-NoComercial-SinDerivadas 2.5 Colombia
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dc.sourceinstname:Universidad del Rosario
dc.sourcereponame:Repositorio Institucional EdocUR
dc.titleNatural resource windfalls and efficiency of local government expenditures: evidence from Peru
dc.typeworkingPaper


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