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Sustaining Growth in a Resource-Based Economy: The Main Issues and the Specific Case of Russia

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Author Info
Rudiger Ahrend (Organization for Economic Co-operation and Development)

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Abstract

This paper argues that the challenges posed by resource dependence, which include an increased vulnerability to external shocks, the risk of Dutch disease and the risk of development specific institutional pathologies, can be overcome, or at least very substaintially mitigated, if accompanied by the right economic policies.

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File URL: http://www.unece.org/oes/disc_papers/ECE_DP_2005-3.pdf
File Format: application/pdf
File Function: First version, 2005
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Publisher Info
Paper provided by UNECE in its series ECE Discussion Papers Series with number 2005_3.

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Length: 24 pages
Date of creation: Sep 2005
Date of revision:
Publication status: Published in UNECE Discussion Paper Series, No. 2005_3
Handle: RePEc:ece:dispap:2005_3

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Related research
Keywords: Russia; resource abundance; dutch disease; economic growth;

Find related papers by JEL classification:
O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
O13 - Economic Development, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
O24 - Economic Development, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy
O52 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Europe
P28 - Economic Systems - - Socialist Systems and Transition Economies - - - Natural Resources; Environment
Q33 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Resource Booms (Dutch Disease)
Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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This page was last updated on 2009-11-27.


This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.