{"id":"https://openalex.org/W2801044238","doi":null,"title":"Resource Windfalls and Publics Debt: The Role of Political Myopia","display_name":"Resource Windfalls and Publics Debt: The Role of Political Myopia","publication_year":2018,"publication_date":"2018-01-01","ids":{"openalex":"https://openalex.org/W2801044238","mag":"2801044238"},"language":"en","primary_location":{"id":"mag:2801044238","doi":null,"is_oa":false,"landing_page_url":"https://EconPapers.repec.org/RePEc:oxf:oxcrwp:205","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null},"volume":null,"type":"preprint","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5074261848","display_name":"Ohad Raveh","orcid":"https://orcid.org/0000-0002-4840-3189","observed_orcids":["https://orcid.org/0000-0002-4840-3189","https://orcid.org/0000-0003-0210-0534"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Ohad Raveh","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0002-4840-3189","affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5002853427","display_name":"Yacov Tsur","orcid":"https://orcid.org/0000-0001-6374-3838","observed_orcids":["https://orcid.org/0000-0001-6374-3838"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Yacov Tsur","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0001-6374-3838","affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":0,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11621","display_name":"Fiscal Policies and Political Economy","score":0.9243000149726868,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11621","display_name":"Fiscal Policies and Political Economy","score":0.9243000149726868,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11823","display_name":"Natural Resources and Economic Development","score":0.0738999992609024,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11461","display_name":"Local Government Finance and Decentralization","score":0.0006000000284984708,"subfield":{"id":"https://openalex.org/subfields/3320","display_name":"Political Science and International Relations"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/resource-windfalls","display_name":"resource windfalls","score":0.8560000061988831},{"id":"https://openalex.org/keywords/public-debt","display_name":"public debt","score":0.9559999704360962},{"id":"https://openalex.org/keywords/reelection-incentives","display_name":"reelection incentives","score":0.6359999775886536},{"id":"https://openalex.org/keywords/natural-resource-endowment","display_name":"natural resource endowment","score":0.7049999833106995},{"id":"https://openalex.org/keywords/oil-and-gas-prices","display_name":"oil and gas prices","score":0.9200000166893005},{"id":"https://openalex.org/keywords/state-government-debt","display_name":"state government debt","score":0.6299999952316284},{"id":"https://openalex.org/keywords/political-accountability","display_name":"political accountability","score":0.546999990940094}],"concepts":[{"id":"https://openalex.org/C120527767","wikidata":"https://www.wikidata.org/wiki/Q3196867","display_name":"Debt","level":2,"score":0.6995477080345154},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6437398791313171},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.5437982082366943},{"id":"https://openalex.org/C629919","wikidata":"https://www.wikidata.org/wiki/Q442023","display_name":"Windfall gain","level":2,"score":0.5029541850090027},{"id":"https://openalex.org/C29985473","wikidata":"https://www.wikidata.org/wiki/Q188460","display_name":"Natural resource","level":2,"score":0.4847833514213562},{"id":"https://openalex.org/C206345919","wikidata":"https://www.wikidata.org/wiki/Q20380951","display_name":"Resource (disambiguation)","level":2,"score":0.4764545261859894},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.4477729797363281},{"id":"https://openalex.org/C100001284","wikidata":"https://www.wikidata.org/wiki/Q2248246","display_name":"Public economics","level":1,"score":0.324137419462204},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.20966145396232605},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.20135661959648132},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.11324271559715271},{"id":"https://openalex.org/C31258907","wikidata":"https://www.wikidata.org/wiki/Q1301371","display_name":"Computer network","level":1,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"mag:2801044238","doi":null,"is_oa":false,"landing_page_url":"https://EconPapers.repec.org/RePEc:oxf:oxcrwp:205","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null}],"best_oa_location":null,"sustainable_development_goals":[{"display_name":"Peace, justice, and strong institutions","id":"https://metadata.un.org/sdg/16","score":0.6601999998092651}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":56,"referenced_works":["https://openalex.org/W595636179","https://openalex.org/W642167798","https://openalex.org/W1486452229","https://openalex.org/W1494612504","https://openalex.org/W1580110195","https://openalex.org/W1803375205","https://openalex.org/W1909069371","https://openalex.org/W1963883253","https://openalex.org/W1988622545","https://openalex.org/W2005988943","https://openalex.org/W2008445339","https://openalex.org/W2014661770","https://openalex.org/W2025553723","https://openalex.org/W2028212880","https://openalex.org/W2055894060","https://openalex.org/W2056552158","https://openalex.org/W2065495090","https://openalex.org/W2066900450","https://openalex.org/W2068316288","https://openalex.org/W2074431091","https://openalex.org/W2076316673","https://openalex.org/W2081693190","https://openalex.org/W2082118942","https://openalex.org/W2095313637","https://openalex.org/W2101207008","https://openalex.org/W2104109568","https://openalex.org/W2111315923","https://openalex.org/W2112776227","https://openalex.org/W2113337769","https://openalex.org/W2132743221","https://openalex.org/W2133971701","https://openalex.org/W2142728223","https://openalex.org/W2143660551","https://openalex.org/W2146674103","https://openalex.org/W2149851818","https://openalex.org/W2151314807","https://openalex.org/W2152959543","https://openalex.org/W2170793548","https://openalex.org/W2267106946","https://openalex.org/W2269381202","https://openalex.org/W2298778017","https://openalex.org/W2315173742","https://openalex.org/W2338384247","https://openalex.org/W2733099179","https://openalex.org/W2757461057","https://openalex.org/W2890829820","https://openalex.org/W2891326822","https://openalex.org/W3021578042","https://openalex.org/W3123180225","https://openalex.org/W3123261979","https://openalex.org/W3123262528","https://openalex.org/W3123434520","https://openalex.org/W3123910121","https://openalex.org/W3124941359","https://openalex.org/W3125755007","https://openalex.org/W4239025004"],"related_works":["https://openalex.org/W3124994061","https://openalex.org/W2912702250","https://openalex.org/W2613028420","https://openalex.org/W7042852241","https://openalex.org/W7199119779","https://openalex.org/W3114091979","https://openalex.org/W3124941359","https://openalex.org/W4414028916","https://openalex.org/W6999948521","https://openalex.org/W7039685760"],"abstract_inverted_index":{"We":[0,16,70,89],"identify":[1],"an":[2,160],"adverse":[3],"consequence":[4],"of":[5,77,96,138,162,169],"natural":[6,132],"resource":[7,27,68,78,156],"windfalls,":[8],"which":[9,31],"is":[10,66],"partic-ularly":[11],"detrimental":[12],"in":[13,30,111,123,131,165],"advanced":[14],"democracies.":[15],"construct":[17],"a":[18,55,94,155],"political":[19,124],"economy":[20],"modelwith":[21],"endogenous":[22],"public":[23,167],"debt":[24,63,168],"under":[25],"exogenous":[26,118],"windfall":[28,157],"shocks,":[29],"po-litical":[32],"myopia":[33],"results":[34],"from":[35],"reelection":[36,86],"prospects.":[37],"Reelection-seeking":[38],"politicians,":[39],"whilemore":[40],"accountable":[41],"toward":[42],"their":[43],"electorate,":[44],"are":[45],"also":[46],"more":[47],"myopic.":[48],"The":[49,142],"latter":[50],"e":[51,75],"ectgives":[52],"rise":[53],"to":[54],"budget":[56],"de":[57],"cit":[58],"bias,":[59],"with":[60,171],"the":[61,73,83,91,100,146,166],"ensuing":[62],"buildup":[64],"that":[65,72,115,154],"exacerbatedby":[67],"windfalls.":[69],"nd":[71],"positive":[74],"ect":[76],"windfalls":[79],"on":[80,85,107],"debtincreases":[81],"as":[82],"restrictions":[84],"get":[87],"laxer.":[88],"test":[90],"model's":[92],"predictionsusing":[93],"panel":[95],"U.S.":[97],"states":[98,170],"over":[99],"period":[101],"1963-2007.":[102],"Our":[103],"identi":[104],"cation":[105],"strategyrests":[106],"constitutionally-entrenched":[108],"di":[109,129],"erences":[110,130],"gubernatorial":[112],"term":[113,173],"limits":[114],"pro-vide":[116],"plausibly":[117],"cross-sectional":[119],"and":[120,140],"time":[121,125],"variation":[122],"horizon,and":[126],"geographically-based":[127],"cross-state":[128],"endowments":[133],"interacted":[134],"withthe":[135],"international":[136],"prices":[137],"oil":[139],"gas.":[141],"empirical":[143],"ndings":[144],"corroborate":[145],"model'spredictions.":[147],"In":[148],"particular,":[149],"our":[150],"baseline":[151],"estimates":[152],"indicate":[153],"of$1":[158],"induces":[159],"increase":[161],"approximately":[163],"g14:7":[164],"nogubernatorial":[172],"limits.":[174]},"counts_by_year":[],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2018-05-17T00:00:00"}