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Can Norway Be a Role Model for Natural Resource Abundant Countries?

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  • Ådne Cappelen
  • Lars Mjøset

Abstract

During the 1950-70s Norway had relatively low GDP per capita compared to the OECD average and even more so compared to Denmark and Sweden. During the 1970s there was a significant catch-up in incomes and from the early 1990s a 'take-off' in relative income. Norway is currently ranked among the countries with the highest GDP per capita in the world and is at the top according to UNDP's human development indicator.

Suggested Citation

  • Ådne Cappelen & Lars Mjøset, 2009. "Can Norway Be a Role Model for Natural Resource Abundant Countries?," WIDER Working Paper Series RP2009-23, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:rp2009-23
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    File URL: https://www.wider.unu.edu/sites/default/files/RP2009-23.pdf
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    References listed on IDEAS

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    Cited by:

    1. Marek Szturo & Bogdan Włodarczyk & Alberto Burchi & Ireneusz Miciuła & Karolina Szturo, 2021. "Improving Relations between a State and a Business Enterprise in the Context of Counteracting Adverse Effects of the Resource Curse," Sustainability, MDPI, vol. 13(3), pages 1-14, January.
    2. Juhana Vartiainen, 2010. "The Nordic Development and Growth Models: The Riddle is Still There but We May be a Little Bit Wiser," WIDER Working Paper Series wp-2010-116, World Institute for Development Economic Research (UNU-WIDER).
    3. Sjur Kasa & Anders Underthun, 2010. "Navigation in New Terrain with Familiar Maps: Masterminding Sociospatial Equality through Resource-Oriented Innovation Policy," Environment and Planning A, , vol. 42(6), pages 1328-1345, June.
    4. Augustin Kwasi Fosu, 2011. "Terms of Trade and Growth of Resource Economies: A Tale of Two Countries," CSAE Working Paper Series 2011-09, Centre for the Study of African Economies, University of Oxford.
    5. Teka, Zeferino, 2012. "Linkages to manufacturing in the resource sector: The case of the Angolan oil and gas industry," Resources Policy, Elsevier, vol. 37(4), pages 461-467.

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    Keywords

    Economic development; Economic growth; Economic policy; Institutional economics; Natural resources;
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