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

Author

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  • Nouf Alsharif

    () (Department of Economics, University of Sussex)

  • Sambit Bhattacharyya

    (Department of Economics, University of Sussex)

  • Maurizio Intartaglia

    (Department of Economics, University of Sussex)

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 oil-exporting 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

  • Nouf Alsharif & Sambit Bhattacharyya & Maurizio Intartaglia, 2016. "Economic Diversification in Resource Rich Countries: Uncovering the State of Knowledge," Working Paper Series 09816, Department of Economics, University of Sussex.
  • Handle: RePEc:sus:susewp:09816
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    File URL: http://www.sussex.ac.uk/economics/documents/wps-98-2016.pdf
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    More about this item

    Keywords

    petroleum wealth; economic diversification;

    JEL classification:

    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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