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Economic Diversification in Resource Rich Countries: Uncovering the State of Knowledge

Author

Listed:
  • Renata Lemos
  • Daniela Scur

Abstract

Diversification is often presented as a desirable policy objective for petroleum rich nations. Yet very little is known about the causes and consequences of diversification in petroleum rich states. In this paper we review the recent literature on diversification in oilexporting states. We identify gaps and shortcomings in this literature along with documenting some trends in non-oil exports and non-oil private sector employment in hydrocarbon rich countries. We conclude with an agenda for research addressing the potential gaps in the literature.

Suggested Citation

  • Renata Lemos & Daniela Scur, 2016. "Economic Diversification in Resource Rich Countries: Uncovering the State of Knowledge," CSAE Working Paper Series 2016-28, Centre for the Study of African Economies, University of Oxford.
    • Handle: RePEc:csa:wpaper:2016-28
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