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Natural Resources, Capital Accumulation, Structural Change, and Welfare

Richard M. Auty and Sampsa. Kiiski

in Resource Abundance and Economic Development

Published in print:
2004
Published Online:
April 2005
ISBN:
9780199275786
eISBN:
9780191602160
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199275785.003.0002
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter establishes the stylised facts on capital accumulation, structural change, and social welfare in developing countries with different natural resource endowments. It is shown that the ... More


Introduction and Overview

Richard M. Auty

in Resource Abundance and Economic Development

Published in print:
2004
Published Online:
April 2005
ISBN:
9780199275786
eISBN:
9780191602160
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199275785.003.0001
Subject:
Economics and Finance, Development, Growth, and Environmental

This introductory chapter begins with a discussion on the underperformance of resource-abundant developing countries compared to resource-deficient countries between 1960 and 1990. It examines the ... More


Political Economy of Resource-Abundant States

Richard M. Auty and Alan H. Gelb

in Resource Abundance and Economic Development

Published in print:
2004
Published Online:
April 2005
ISBN:
9780199275786
eISBN:
9780191602160
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199275785.003.0008
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter examines the relationship between political economy and natural resource endowment using an extension of Lal’s (1995) typology of political states. The extended typology explains why the ... More


Conclusions: Resource Abundance, Growth Collapses, and Policy

Richard M. Auty

in Resource Abundance and Economic Development

Published in print:
2004
Published Online:
April 2005
ISBN:
9780199275786
eISBN:
9780191602160
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199275785.003.0019
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter presents a synthesis of the findings in this volume. It discusses resource abundance and growth collapses, the competitive industrialisation and staple strap models, and the policy ... More


Resource Abundance and Economic Development

R. M. Auty (ed.)

Published in print:
2004
Published Online:
April 2005
ISBN:
9780199275786
eISBN:
9780191602160
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/0199275785.001.0001
Subject:
Economics and Finance, Development, Growth, and Environmental

This book explores the factors behind the underperformance of resource-abundant developing countries compared to resource-deficient countries. Drawing on research from various subfields within ... More


The Role of Natural Resources

Richard Pomfret

in The Central Asian Economies in the Twenty-First Century

Published in print:
2019
Published Online:
May 2019
ISBN:
9780691182216
eISBN:
9780691185408
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691182216.003.0003
Subject:
Business and Management, International Business

This chapter examines the characteristics of the natural resources that are important for Central Asia. At independence, cotton was the most important commodity export from Central Asia, but cotton ... More


Large Resource-Abundant Countries Squander their Size Advantage: Mexico and Argentina

Richard M. Auty

in Resource Abundance and Economic Development

Published in print:
2004
Published Online:
April 2005
ISBN:
9780199275786
eISBN:
9780191602160
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199275785.003.0013
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter examines the growth collapses in Mexico and Argentina in the 1970s. The protectionist policies of both countries designed to force industrialisation weakened economic resilience and ... More


Natural Resources, Human Capital, and Growth

Nancy Birdsall, Thomas Pinckney, and Richard Sabot

in Resource Abundance and Economic Development

Published in print:
2004
Published Online:
April 2005
ISBN:
9780199275786
eISBN:
9780191602160
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199275785.003.0004
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter examines the role of human capital investment in lowering the growth of resource-abundant countries. It is shown that resource abundance leads to high initial levels of income ... More


Reforming Resource-Abundant Transition Economies: Kazakhstan and Uzbekistan

Richard M. Auty

in Resource Abundance and Economic Development

Published in print:
2004
Published Online:
April 2005
ISBN:
9780199275786
eISBN:
9780191602160
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199275785.003.0016
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter examines the impact of natural resources on transition reform in Kazakhstan and Uzbekistan using the rapid reform model. Natural resource endowment was incorporated into the model to ... More


Reforming a Large Resource-Abundant Transition Economy: Russia

Anil. Markandya and Alina Averchenkova

in Resource Abundance and Economic Development

Published in print:
2004
Published Online:
April 2005
ISBN:
9780199275786
eISBN:
9780191602160
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199275785.003.0017
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter examines the contribution of Russia’s rich natural resource endowment to the slow progress of economic reform. Resource abundance caused social conflict, since the benefits were ... More


The Sustainability of Extractive Economies

Kirk. Hamilton

in Resource Abundance and Economic Development

Published in print:
2004
Published Online:
April 2005
ISBN:
9780199275786
eISBN:
9780191602160
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199275785.003.0003
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter presents a theoretical approach to measure whether an economy is on a sustainable path, and then presents empirical evidence on the sustainability of various extractive economies. An ... More


The Social Foundations of Poor Economic Growth in Resource-Rich Countries

Michael. Woolcock, Lant. Pritchett, and Jonathan. Isham

in Resource Abundance and Economic Development

Published in print:
2004
Published Online:
April 2005
ISBN:
9780199275786
eISBN:
9780191602160
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199275785.003.0005
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter examines the social foundations of developing economies with different types of natural resource endowments. It argues that the nature of communities, institutions, and state-society ... More


A Growth Collapse with Diffuse Resources: Ghana

Robert. Osei

in Resource Abundance and Economic Development

Published in print:
2004
Published Online:
April 2005
ISBN:
9780199275786
eISBN:
9780191602160
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199275785.003.0010
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter examines the growth collapse in Ghana. The country’s development trajectory followed that of staple strap model of resource-abundant countries. The model predicts that in the absence of ... More


Growth, Capital Accumulation, and Economic Reform in South Africa

Carolyn. Jenkins

in Resource Abundance and Economic Development

Published in print:
2004
Published Online:
April 2005
ISBN:
9780199275786
eISBN:
9780191602160
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199275785.003.0015
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter argues that South Africa has failed to establish the conditions necessary to reach its growth potential despite the commencement of reform in the 1970s. Part of this is because reform ... More


Reforming a Small Resource-Rich Developing Market Economy: Costa Rica

Gustavo. Barboza and José. Cordero

in Resource Abundance and Economic Development

Published in print:
2004
Published Online:
April 2005
ISBN:
9780199275786
eISBN:
9780191602160
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199275785.003.0014
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter explains why Costa Rica’s potentially favourable endowment of social capital delayed reform and economic recovery. It analyses the country’s growth collapse in the early 1980s and ... More


Natural Resources and Economic Development: The 1870–1914 Experience

Ronald. Findlay and Mats. Lundahl

in Resource Abundance and Economic Development

Published in print:
2004
Published Online:
April 2005
ISBN:
9780199275786
eISBN:
9780191602160
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199275785.003.0006
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter examines the performance of two types of resource-abundant economies during the ‘golden age’ of the world economy from 1870 to 1914. These are the ‘Regions of Recent Settlement’ (United ... More


A Growth Collapse with Point Resources: Bolivia

Richard M. Auty and J. L. Evia

in Resource Abundance and Economic Development

Published in print:
2004
Published Online:
April 2005
ISBN:
9780199275786
eISBN:
9780191602160
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199275785.003.0011
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter examines the growth collapse in Bolivia in the mid-1980s. It is shown that a series of factional governments pushed the mineral-driven Bolivian economy into the staple strap development ... More


A Nordic Perspective on Natural Resource Abundance

Thorvaldur. Gylfason

in Resource Abundance and Economic Development

Published in print:
2004
Published Online:
April 2005
ISBN:
9780199275786
eISBN:
9780191602160
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199275785.003.0018
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter examines the impact of resource abundance on the economic performance of Denmark, Finland, Iceland, Norway, and Sweden. Natural resource abundance can retard economic growth by reducing ... More


A Growth Collapse with High Rent Point Resources: Saudi Arabia

Richard M. Auty

in Resource Abundance and Economic Development

Published in print:
2004
Published Online:
April 2005
ISBN:
9780199275786
eISBN:
9780191602160
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199275785.003.0012
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter examines the growth collapses in Saudi Arabia in the mid-1980s. The growth collapses occurred because resource rents encouraged the relaxation of market discipline that compounded ... More


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