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The International Economics of Natural Resources and Growth

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  • Thorvaldur Gylfason

Abstract

This article is in three parts. First, it briefly describes the contribution of natural resources to economic growth around the world, pondering the question whether an abundance of natural resources is a blessing or a curse. Second, an attempt is made to provide a glimpse of recent empirical evidence that can be brought to bear on this question. Third, the article discusses the experience of Norway, the world’s third largest oil exporter. To date, Norway has appeared to be mostly free of the worrisome symptoms, such as the Dutch disease, that have afflicted many other countries with abundant natural resources.

Suggested Citation

  • Thorvaldur Gylfason, 2007. "The International Economics of Natural Resources and Growth," CESifo Working Paper Series 1994, CESifo.
    • Handle: RePEc:ces:ceswps:_1994
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    File URL: https://www.cesifo.org/DocDL/cesifo1_wp1994.pdf
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    Cited by:

    1. Knobel, Alexander, 2013. "The risks of fiscal policy in countries rich in natural resources," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, pages 29-38, October.
    2. Wu, Guoyong & Gao, Yue & Feng, Yanchao, 2023. "Assessing the environmental effects of the supporting policies for mineral resource-exhausted cities in China," Resources Policy, Elsevier, vol. 85(PB).
    3. Georgy Idrisov & Sergey Sinelnikov-Murylev, 2014. "Forming Sources for a Long-run Growth: How to Understand Them?," Working Papers 0096, Gaidar Institute for Economic Policy, revised 2014.
    4. Al Rawashdeh, Rami & Maxwell, Philip, 2013. "Jordan, minerals extraction and the resource curse," Resources Policy, Elsevier, vol. 38(2), pages 103-112.
    5. David Greasley & Jakob B. Madsen, 2010. "Curse and Boon: Natural Resources and Long‐Run Growth in Currently Rich Economies," The Economic Record, The Economic Society of Australia, vol. 86(274), pages 311-328, September.
    6. Henry Willebald, 2014. "Land-abundance, frontier expansion and the hypothesis of appropriability revisited from an historical perspective: settler economies during the First Globalization," Documentos de Trabajo (working papers) 14-14, Instituto de Economía - IECON.

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