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

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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 Business School.
    • 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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    2. Ansari, Dawud & Holz, Franziska, 2020. "Between stranded assets and green transformation: Fossil-fuel-producing developing countries towards 2055," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 130, pages 1-1.
    3. Seydou Coulibaly, 2019. "Impact of natural resource wealth on non-resource tax revenue mobilization in Africa: Do institutions and economic diversification matter?," Working Papers halshs-02108128, HAL.
    4. Guendalina Anzolin, 2018. "Resource based industrialisation: evidence from the Iron-Ore project in Brazil," Working Papers 1804, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini, revised 2018.

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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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