A Nordic Perspective on Natural Resource Abundance

Thorvaldur Gylfason*

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review


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 languageEnglish
Title of host publicationResource Abundance and Economic Development
PublisherOxford University Press, Oxford
ISBN (Print)9780199275786
Publication statusPublished - 1 Apr 2005

Bibliographical note

Publisher Copyright:
© Oxford University Press, 2013.

Other keywords

  • Denmark
  • Economic reform
  • Finland
  • Iceland
  • Natural resources
  • Norway
  • Resourceabundant countries
  • Sweden


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