Growth models of the Dutch disease, such as those of Krugman (1987), Matsuyama (1992), Sachs and Warner (1995) and Gylfason et al. (1999), explain why resource abundance may reduce growth. However, the literature also raises a new question: if the use of resource wealth hurts productivity...

Aslaksen et al. (1990) concluded that the petroleum wealth of Norway, and hence the permanent income from petroleum extraction, was as uncertain as the yearly oil revenues. Their conclusion was based on wealth estimates using official price projections, with no independent empirical analysis of...

An important idea behind the Norwegian oil fund mechanism and the fiscal spending rule is to protect the non-oil economy from the adverse effects of excessive spending of resource revenues over the Government budget. A critical assumption in this respect is that public sector saving is not being...

Resource construction employment grew rapidly during the investment phase of the resources boom. However, both investment and employment in the resources sector peaked in 2013 and are expected to decline over coming years. A range of sources suggest that the earlier increase in resource...

Angesichts stark wachsender Nachfrage nach Rohstoffen, insbesondere vonseiten der aufstrebenden Schwellenländer und entsprechend steigender Rohstoffpreise, richtet sich der Blick zunehmend auf die Tiefsee als enorme noch weitgehend unerschlossene Quelle reichhaltiger Rohstoffvorkommen. Der...

Die Arbeitsgruppe Rohstoffpreise der Vereinigung Europäischer Konjunkturforschungsinstitute (AIECE) kam Ende September zu dem Ergebnis, daß das Rohstoffpreisniveau, gemessen am HWWA-Index auf Dollarbasis im Durchschnitt des Jahres 1998 kräfitg gesunken ist. Prognostiziert wurde für 1998 ein...