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Natural Resources Curse in the Long Run? Bolivia, Chile and Peru in the Nordic Countries’ Mirror

Ducoing, Cristián LU ; Peres-Cajías, José ; Badia-Miró, Marc ; Bergquist, Ann-Kristin ; Contreras, Carlos ; Ranestad, Kristin LU and Torregrosa Hetland, Sara LU (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)
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author
; ; ; ; ; and
organization
publishing date
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
2021-09-22 01:47:55
@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},
}