Publication
Jul 2013
This paper explores why Africa’s resource-rich countries have not translated their wealth into sustained economic growth and poverty reduction. The authors argue that by transferring a portion of resource-related government revenues as direct payments to the population, some countries could increase both private consumption and the provision of public goods, thereby reducing poverty and enhancing social welfare. Based on theoretical considerations, the paper examines how these direct dividend payments would look in practice if adopted by a group of selected African countries.
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English (PDF, 17 pages, 428 KB) |
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Author | Shantayanan Devarajan, Marcelo Giugale, Hélène Ehrhart, Tuan Minh Le, Huong Mai Nguyen |
Series | CGD Working Papers |
Issue | 333 |
Publisher | Center for Global Development (CGD) |
Copyright | © 2013 Center for Global Development (CGD) |