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Oil and development in Brazil: Between an extractive and an industrialization strategy

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  • Paz, M. José

Abstract

In the wake of the commodity boom, “new development strategies” in Latin America are centering on the industrialization of natural resources, thereby questioning the “resource curse” thesis and linking the economic performance of this activity with the institutional framework. In this context, the aim of this paper focusing on the Brazilian oil sector is to analyze the implementation of a resource-based industrialization strategy. After analyzing the Brazilian institutional framework and identifying the key features of a resource-based industrialization strategy, we assess its development and identify its scope and limitations.

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  • Paz, M. José, 2014. "Oil and development in Brazil: Between an extractive and an industrialization strategy," Energy Policy, Elsevier, vol. 73(C), pages 501-511.
    • Handle: RePEc:eee:enepol:v:73:y:2014:i:c:p:501-511
    DOI: 10.1016/j.enpol.2014.06.021
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    References listed on IDEAS

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    1. Halvor Mehlum & Karl Moene & Ragnar Torvik, 2006. "Institutions and the Resource Curse," Economic Journal, Royal Economic Society, vol. 116(508), pages 1-20, January.
    2. Ramos, Joseph, 1998. "Una estrategia de desarrollo a partir de los complejos productivos en torno a los recursos naturales," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), December.
    3. Sachs, Jeffrey D. & Warner, Andrew M., 1999. "The big push, natural resource booms and growth," Journal of Development Economics, Elsevier, vol. 59(1), pages 43-76, June.
    4. Vera, Cecilia & Machinea, José Luis, 2007. "Inserción internacional y políticas de desarrollo productivo," Libros y Documentos Institucionales, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 2827.
    5. Palma, José Gabriel, 2005. "Cuatro fuentes de "desindustrialización" y un nuevo concepto del "síndrome holandés"," Copublicaciones, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 1878, September.
    6. Torvik, Ragnar, 2002. "Natural resources, rent seeking and welfare," Journal of Development Economics, Elsevier, vol. 67(2), pages 455-470, April.
    7. Ramos, Joseph, 1998. "Una estrategia de desarrollo a partir de los complejos productivos (clusters) en torno a los recursos naturales," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 31046, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
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    Cited by:

    1. Ramírez-Cendrero, Juan M. & Paz, María J., 2017. "Oil fiscal regimes and national oil companies: A comparison between Pemex and Petrobras," Energy Policy, Elsevier, vol. 101(C), pages 473-483.
    2. Trojbicz, Beni & Loureiro, Maria Rita, 2018. "Brazilian oil sector reforms: The role of technical know-how and corporate ethos in Petrobras's dominance," Energy Policy, Elsevier, vol. 118(C), pages 588-595.
    3. Neilson, Jeffrey & Dwiartama, Angga & Fold, Niels & Permadi, Dikdik, 2020. "Resource-based industrial policy in an era of global production networks: Strategic coupling in the Indonesian cocoa sector," World Development, Elsevier, vol. 135(C).
    4. Guevara, Zeus & Sebastian, Antonio & Carranza Dumon, Fabian, 2022. "Economy-wide impact of conventional development policies in oil-exporting developing countries: The case of Mexico," Energy Policy, Elsevier, vol. 161(C).
    5. Mancini, Lorenzo & Paz, María José, 2018. "Oil sector and technological development: Effects of the mandatory research and development (R&D) investment clause on oil companies in Brazil," Resources Policy, Elsevier, vol. 58(C), pages 131-143.
    6. Rafael Henrique Mainardes Ferreira & Claudia Tania Picinin, 2018. "Bibliometric analysis for characterization of oil production in Brazilian territory," Scientometrics, Springer;Akadémiai Kiadó, vol. 116(3), pages 1945-1974, September.

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