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Are Resource-Abundant Economies Disadvantaged?

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  • Anderson, Kym

Abstract

Economies well endowed with natural resources relative to other factors of production have grown slower than other economies over the long term. In reviewing possible explanations for this, the article finds unconvincing such common suggestions as declining terms of trade and rising restrictions to primary product markets abroad. It suggests the most likely reason is these countries’ own distortionary policy regimes. Recent reforms in some resource‐rich economies are already yielding growth dividends. The article also examines the impact of the greening of world preferences and politics on the prospects for resource‐abundant economics.
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  • Anderson, Kym, 1997. "Are Resource-Abundant Economies Disadvantaged?," 1997 Conference (41st), January 22-24, 1997, Gold Coast, Australia 135403, Australian Agricultural and Resource Economics Society.
    • Handle: RePEc:ags:aare97:135403
    DOI: 10.22004/ag.econ.135403
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    1. James, Sallie & Anderson, Kym, 1998. "On the need for more economic assessment of quarantine/SPS policies," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 42(4), pages 1-20.
    2. Tyers,Rod & Anderson,Kym, 2011. "Disarray in World Food Markets," Cambridge Books, Cambridge University Press, number 9780521172318, November.
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    7. Gregory, R.G., 1976. "Some Implications Of The Growth Of The Mineral Sector," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 20(2), pages 1-21, August.
    8. Anderson, Kym & Dimaranan, Betina V. & Hertel, Thomas W. & Martin, William J., 1997. "Asia-Pacific food markets and trade in 2005: a global, economy-wide perspective," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 41(1), pages 1-26.
    9. John Williamson, 1994. "The Political Economy of Policy Reform," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 68.
    10. ANDERSON, KYM & McKIBBIN, WARWICK J., 2000. "Reducing coal subsidies and trade barriers: their contribution to greenhouse gas abatement," Environment and Development Economics, Cambridge University Press, vol. 5(4), pages 457-481, October.
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    13. Tanner, Carolyn & Nairn, Malcolm, 1997. "Principles of Australian Quarantine," 1997 Conference (41st), January 22-24, 1997, Gold Coast, Australia 135413, Australian Agricultural and Resource Economics Society.
    14. repec:hoo:wpaper:e-92-3 is not listed on IDEAS
    15. Dowrick, S. & Gemmell, N., 1989. "Industrialisation, Catching Up and Economic Growth; A Comparative Study Across the World's Capitalist Countries," CEPR Discussion Papers 216, Centre for Economic Policy Research, Research School of Economics, Australian National University.
    16. Thornsbury, Suzanne & Roberts, Donna & DeRemer, Kate & Orden, David, 1997. "A First Step in Understanding Technical Barriers to Agricultural Trade," 1997 Conference, August 10-16, 1997, Sacramento, California 197066, International Association of Agricultural Economists.
    17. Davis, Graham A., 1995. "Learning to love the Dutch disease: Evidence from the mineral economies," World Development, Elsevier, vol. 23(10), pages 1765-1779, October.
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    1. James, Sallie & Anderson, Kym, 1998. "On the need for more economic assessment of quarantine/SPS policies," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 42(4), pages 1-20.
    2. Douglas A. Irwin, 2000. "How Did the United States Become a Net Exporter of Manufactured Goods?," NBER Working Papers 7638, National Bureau of Economic Research, Inc.
    3. Kym Anderson & Peter Lloyd & Donald Maclaren, 2007. "Distortions to Agricultural Incentives in Australia Since World War II," The Economic Record, The Economic Society of Australia, vol. 83(263), pages 461-482, December.
    4. Fleming, David A. & Measham, Thomas G. & Paredes, Dusan, 2015. "Understanding the resource curse (or blessing) across national and regional scales: Theory, empirical challenges and an application," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 59(4), October.
    5. Prof. Dr Shahida Wizarat, 2014. "Natural Resources, Conflict and Growth: Uncovering the Transmission Mechanism," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 4(8), pages 987-1000, August.
    6. Fox, Sarah Jane, 2019. "Policing mining: In outer-space greed and domination vs. peace and equity a governance for humanity!," Resources Policy, Elsevier, vol. 64(C).
    7. Kym Anderson, 2017. "Sectoral Trends and Shocks in Australia's Economic Growth," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 57(1), pages 2-21, March.
    8. Leamer, Edward E. & Maul, Hugo & Rodriguez, Sergio & Schott, Peter K., 1999. "Does natural resource abundance increase Latin American income inequality?," Journal of Development Economics, Elsevier, vol. 59(1), pages 3-42, June.
    9. Edward Barbier, 1999. "Endogenous Growth and Natural Resource Scarcity," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 14(1), pages 51-74, July.
    10. Atienza, Miguel & Fleming-Muñoz, David & Aroca, Patricio, 2021. "Territorial development and mining. Insights and challenges from the Chilean case," Resources Policy, Elsevier, vol. 70(C).
    11. Shahida Wizarat, 2013. "Natural Resources, Conflict and Growth Nexus," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 3(8), pages 1063-1082, August.
    12. Ratbek Dzhumashev & Jaai Parasnis, 2011. "Taxation and Migration: Policies to Manage a Resource Boom," Monash Economics Working Papers 33-11, Monash University, Department of Economics.
    13. Wizarat, Shahida, 2013. "Are resource abundant countries afflicted by the resource curse?," International Journal of Development and Conflict, Gokhale Institute of Politics and Economics, vol. 3(2), pages 24-39.
    14. Rae, Allan N., 2014. "What’s wrong with being an agricultural economy?," 2014 Conference, August 28-29, 2014, Nelson, New Zealand 187403, New Zealand Agricultural and Resource Economics Society.
    15. Davis, Graham A, 1998. "The minerals sector, sectoral analysis, and economic development," Resources Policy, Elsevier, vol. 24(4), pages 217-228, December.
    16. Sebastián Galiani & Paulo Somaini, 2018. "Path-dependent import-substitution policies: the case of Argentina in the twentieth century," Latin American Economic Review, Springer;Centro de Investigaciòn y Docencia Económica (CIDE), vol. 27(1), pages 1-53, December.

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