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Economic diversification in resource rich countries: History, state of knowledge and research agenda

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  • Alsharif, Nouf
  • Bhattacharyya, Sambit
  • Intartaglia, Maurizio

Abstract

Is economic diversification desirable for a resource rich country? Our knowledge on this issue is at best partial. This paper revisits the literature on diversification in resource rich states. It maps the history of diversification, identifies gaps in the literature and documents some trends in the data. In particular, it exposes limitations in the data and catalogues trends in non-oil exports and non-oil private sector employment. It concludes with an agenda for research.

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  • Alsharif, Nouf & Bhattacharyya, Sambit & Intartaglia, Maurizio, 2017. "Economic diversification in resource rich countries: History, state of knowledge and research agenda," Resources Policy, Elsevier, vol. 52(C), pages 154-164.
    • Handle: RePEc:eee:jrpoli:v:52:y:2017:i:c:p:154-164
    DOI: 10.1016/j.resourpol.2017.02.007
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    More about this item

    Keywords

    Resource wealth; Economic diversification;

    JEL classification:

    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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