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

Author

Listed:
  • Rudiger Ahrend

    (Organization for Economic Co-operation and Development)

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.

Suggested Citation

  • Rudiger Ahrend, 2005. "Sustaining Growth in a Resource-Based Economy: The Main Issues and the Specific Case of Russia," ECE Discussion Papers Series 2005_3, UNECE.
  • Handle: RePEc:ece:dispap:2005_3
    as

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    File URL: http://www.unece.org/fileadmin/DAM/oes/disc_papers/ECE_DP_2005-3.pdf
    File Function: First version, 2005
    Download Restriction: no

    Citations

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    Cited by:

    1. Kalotay, Kalman, 2008. "Russian transnationals and international investment paradigms," Research in International Business and Finance, Elsevier, vol. 22(2), pages 85-107, June.

    More about this item

    Keywords

    Russia; resource abundance; dutch disease; economic growth;

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy
    • O52 - Economic Development, Innovation, 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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