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Gold price volatility, tax revenue, and employment: can Burkina Faso's adaptation strategy avoid the natural resource curse?

机译:黄金价格的波动,税收和就业:布基纳法索的适应战略能否避免自然资源的诅咒?

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摘要

Since 2007, Burkina Faso's mining sector has grown quickly, with gold replacing cotton as the country's biggest export. The decline in gold prices since 2012, however, has hit the Burkina Faso economy hard. Using a static computable general equilibrium model, we assess whether - in a context of gold-price decline and volatility - an increase in the tax burden on the mining sector, as implemented by the government of Burkina Faso, is the appropriate way to avoid the natural resource curse. The results show that a tax policy based solely on increasing taxes on the gold sector brings only limited economic benefits, notably in terms of employment, and fails to significantly mitigate the effects of gold-price volatility.
机译:自2007年以来,布基纳法索的采矿业发展迅速,黄金取代了棉花成为该国最大的出口商品。但是,自2012年以来,金价下跌严重打击了布基纳法索经济。使用静态可计算的一般均衡模型,我们评估-在金价下跌和波动的情况下-由布基纳法索政府实施的采矿业税收负担增加是否是避免这种情况的合适方法。自然资源诅咒。结果表明,仅以增加黄金部门税收为基础的税收政策只能带来有限的经济利益,特别是在就业方面,并且不能显着减轻黄金价格波动的影响。

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