I believe we can do the same study for the natural gas in malampaya (I think I’m not sure but the one that pays taxes to the Provincial Government of Batangas). I feel that the results would be similar. I hope they are not.<\/p>\n
The Dutch Disease Gets a Brazilian
\nBy Paul Kedrosky \u00b7 Saturday, January 23, 2010 \u00b7 ShareThis
\nThe Dutch disease \u2013 the economic hollowing-out and corruption effects of domestic resource exploitation \u2013 has an interesting twist when it happens in Brazil:
\nOil windfalls and living standards: New evidence from Brazil
\nFrancesco Caselli, Guy Michaels, 20 January 2010
\nDoes the \u201cresource curse\u201d exist? This column presents new evidence from Brazil. Municipalities that receive oil windfalls report significant increases in spending on infrastructure, education, health, and transfers to households. However, the windfalls do not trickle down and much of the money goes missing. Indeed, oil revenues increase the size of municipal workers\u2019 houses but not the size of other residents\u2019 houses. <\/strong>[Emphasis mine]
\nvia The Dutch Disease Gets a Brazilian<\/a>.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"I believe we can do the same study for the natural gas in malampaya (I think I’m not sure but the one that pays taxes to the Provincial Government of Batangas). I feel that the results would be similar. I hope they are not. The Dutch Disease Gets a Brazilian By Paul Kedrosky \u00b7 Saturday, … <\/p>\n