A Nordic Perspective on Natural Resource Abundance
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 inevita...
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| Format: | Book Part |
| Language: | English |
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Oxford University PressOxford
2004
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| Online Access: | http://dx.doi.org/10.1093/0199275785.003.0018 https://academic.oup.com/book/1669/chapter/141237412 |
| Summary: | 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. |
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