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This paper compares two alternative growth paths, assessing the effects on productivity of specialisation in natural … exports either of natural resources or of technological products, and compare their role in productivity growth by GMM …-up in productivity. Technological specialisation, especially in products typical of the Fourth Industrial Revolution …
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The "resource curse" is a potential threat to all countries relying on export income from abundant natural resources. The early literature hypothesized that easily accessible natural resources would lead to lack of technological progress. In this article we instead propose that abundance of...
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Using a dynamic model with non-renewable natural resources and endogenous knowledge creation, the paper analyses economic development under conditions which are generally considered as most unfavourable. We assume poor substitution between primary input factors, positive population growth and a...
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