Resources, agriculture, and economic growth in economies in transition

被引:39
作者
Gylfason, T [1 ]
机构
[1] Univ Iceland, Fac Econ & Business Adm, IS-101 Reykjavik, Iceland
关键词
D O I
10.1111/1467-6435.00133
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper reviews some reasons why natural resource abundance and extensive agriculture appear to impede economic growth around the world. The paper presents empirical, cross-sectional evidence of various aspects of this relationship in the transition economies in Central and Eastern Europe and Central Asia since 1990. The essence of the argument is that heavy dependence on natural resources and agriculture may result in rent seeking (e. g., corruption) and policy failures (e. g., inflation) and may, moreover, discourage education, external trade, and genuine saving, thereby retarding economic growth. The paper concludes with a brief discussion of the policy implications of the analysis.
引用
收藏
页码:545 / 579
页数:35
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