Natural Resources Curse in the Long Run? Bolivia, Chile and Peru in the Nordic Countries’ Mirror
(2018) In Sustainability 10(4).- 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... (More)
- 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. (Less)
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/98b0eb23-cee3-40e8-b70a-3916efd5b9a8
- author
- Ducoing, Cristián LU ; Peres-Cajías, José ; Badia-Miró, Marc ; Bergquist, Ann-Kristin ; Contreras, Carlos ; Ranestad, Kristin LU and Torregrosa Hetland, Sara LU
- organization
- publishing date
- 2018-03
- type
- Contribution to journal
- publication status
- published
- subject
- in
- Sustainability
- volume
- 10
- issue
- 4
- publisher
- MDPI AG
- external identifiers
-
- scopus:85044430429
- ISSN
- 2071-1050
- DOI
- 10.3390/su10040965
- project
- Sustainable development, Fiscal policy and Natural resources management. Bolivia, Chile and Peru in the Nordic countries’ mirror
- language
- English
- LU publication?
- yes
- id
- 98b0eb23-cee3-40e8-b70a-3916efd5b9a8
- date added to LUP
- 2018-03-26 16:41:58
- date last changed
- 2024-06-10 10:07:40
@article{98b0eb23-cee3-40e8-b70a-3916efd5b9a8, 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.}}, author = {{Ducoing, Cristián and Peres-Cajías, José and Badia-Miró, Marc and Bergquist, Ann-Kristin and Contreras, Carlos and Ranestad, Kristin and Torregrosa Hetland, Sara}}, issn = {{2071-1050}}, language = {{eng}}, number = {{4}}, publisher = {{MDPI AG}}, series = {{Sustainability}}, title = {{Natural Resources Curse in the Long Run? Bolivia, Chile and Peru in the Nordic Countries’ Mirror}}, url = {{http://dx.doi.org/10.3390/su10040965}}, doi = {{10.3390/su10040965}}, volume = {{10}}, year = {{2018}}, }