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Natural Resources Curse in the long run? : Bolivia, Chile and Peru in the Nordic countries’ mirror

Ducoing, Cristian LU ; Peres-Cajías, José; Badia-Miró, Marc; Bergquist, Ann-Kristin; Contreras, Carlos; Ranestad, Kristin and Torregrosa Hetland, Sara LU (2018) The Economic History of Natural Resources and Sustainable Development
Abstract
The new estimates of the Maddison Project show that the p.p.p. GDP per capita ratio 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 resources endowments. Specifically, the article seeks to a) identify some stylised facts that may help understand the divergence between Andean and Nordic countries; b) highlight research questions that will guide further work about the divergent
effect of natural resource abundance in Andean and Nordic... (More)
The new estimates of the Maddison Project show that the p.p.p. GDP per capita ratio 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 resources endowments. Specifically, the article seeks to a) identify some stylised facts that may help understand the divergence between Andean and Nordic countries; b) highlight research questions that will guide further work about 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
organization
publishing date
type
Contribution to conference
publication status
submitted
subject
keywords
economic history, natural resources, Latin America, Nordic countries, knowledge, economic development, trade, commodities, human capital, taxation, long term economic growth, Q01, Q32, N50, N56
pages
23 pages
conference name
The Economic History of Natural Resources and Sustainable Development
DOI
10.20944/preprints201802.0064.v1
language
English
LU publication?
yes
id
e69afee9-b691-494f-a9ad-e95744cf32e0
date added to LUP
2018-02-07 14:21:15
date last changed
2018-05-29 09:44:17
@misc{e69afee9-b691-494f-a9ad-e95744cf32e0,
  abstract     = {The new estimates of the Maddison Project show that the p.p.p. GDP per capita ratio 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<br/>between countries with similarly enormous natural resources endowments. Specifically, the article seeks to a) identify some stylised facts that may help understand the divergence between Andean and Nordic countries; b) highlight research questions that will guide further work about the divergent<br/>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<br/>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<br/>thematic approach provide new evidence regarding previous work.},
  author       = {Ducoing, Cristian and Peres-Cajías, José and Badia-Miró, Marc and Bergquist, Ann-Kristin and Contreras, Carlos and Ranestad, Kristin  and Torregrosa Hetland, Sara},
  keyword      = {economic history,natural resources,Latin America,Nordic countries,knowledge,economic development,trade,commodities,human capital,taxation,long term economic growth,Q01,Q32,N50,N56},
  language     = {eng},
  month        = {01},
  pages        = {23},
  title        = {Natural Resources Curse in the long run? : Bolivia, Chile and Peru in the Nordic countries’ mirror},
  url          = {http://dx.doi.org/10.20944/preprints201802.0064.v1},
  year         = {2018},
}