GRM 2010 GRM 2011

Abstract Details

 
AUTHOR NAME
 
Family Name:
Alsharif
 
First Name:
Nouf
 
ABSTRACT OF PAPER
 
Title of Paper:
Natural Resources and Diversification
 
Paper Proposal Text :
Can resource-rich countries diversify their economies? This paper examines the impact of natural resource rents on diversification in exports, in employment and in value added, covering up to 136 countries from 1962-2012. We find a significant negative relationship between resource rents and diversification. The results are heterogeneous across different country groups and resources. Moreover, we find that the higher resource dependency the less likely the country would go into diversification through its development, compared to less resource dependent countries where diversification takes a U-shaped path noted by Imbs and Wacziarg (2003). Instead, concentration grows rapidly.
 
 
 

WITH THE GENEROUS SUPPORT OF