A Nordic Perspective on Natural Resource Abundance

Thorvaldur Gylfason

doi:10.1093/0199275785.003.0018

A Nordic Perspective on Natural Resource Abundance

Thorvaldur Gylfason^*

^*Corresponding author for this work

Faculty of Economics

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

Abstract

This chapter examines the impact of resource abundance on the economic performance of Denmark, Finland, Iceland, Norway, and Sweden. Natural resource abundance can retard economic growth by reducing total exports, and investments in human and physical capital. These outcomes are not inevitable if appropriate institutions safeguards are in place. However, an echo effect of resource dependence may be detected.

Original language	English
Title of host publication	Resource Abundance and Economic Development
Publisher	Oxford University Press, Oxford
ISBN (Print)	9780199275786
DOIs	https://doi.org/10.1093/0199275785.003.0018
Publication status	Published - 1 Apr 2005

Bibliographical note

Publisher Copyright:
© Oxford University Press, 2013.

Other keywords

Denmark
Economic reform
Finland
Iceland
Natural resources
Norway
Resourceabundant countries
Sweden

Access to Document

10.1093/0199275785.003.0018

Cite this

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KW - Norway

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KW - Sweden

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A Nordic Perspective on Natural Resource Abundance

Abstract

Bibliographical note

Other keywords

Access to Document

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Cite this