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Title: Natural Resources Curse in the Long Run? Bolivia, Chile and Peru in the Nordic Countries' Mirror
Author: Ducoing, Cristián A.
Peres Cajías, José Alejandro
Badia-Miró, Marc
Bergquist, Ann-Kristin
Contreras, Carlos
Ranestad, Kristin
Torregrosa-Hetland, Sara
Keywords: Recursos naturals
Política industrial
Creixement econòmic
Natural resources
Industrial policy
Economic growth
Issue Date: 2018
Publisher: MDPI
Abstract: The new estimates of the Maddison Project show that GDP per capita ratio at purchasing power parity (ppp) between Bolivia and Finland has changed from 0.68 ca. 1850 to 0.16 in 2015; similarly, that between Chile and Norway from 0.65 to 0.28. The aim of this article is to present a review of the literature and available quantitative evidence to understand how these extreme differences became possible between countries with similarly enormous natural resource endowments. Specifically, the article seeks to: (a) identify some stylized facts that may help understand the divergence between Andean and Nordic countries; (b) identify key historical processes that explain the divergent effect of natural resource abundance in Andean and Nordic economies. In order to achieve these objectives, four topics are covered: GDPpc, population, trade and taxation. The analysis comprises three Nordic countries (Finland, Norway and Sweden) and three Andean countries (Bolivia, Chile and Peru) from the mid-Nineteenth Century to present day. The sample size, time span covered and thematic approach provide new evidence regarding previous work.
Note: Reproducció del document publicat a:
It is part of: Sustainability, 2018, vol. 10, num. 4, p. 965
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ISSN: 2071-1050
Appears in Collections:Articles publicats en revistes (Història Econòmica, Institucions, Política i Economia Mundial)

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