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In the 1960s, Norway lagged behind its Scandinavian neighbors in the aggregate value of economic production per capita, as it had for decades. By the 1990s, Norway had caught up with and forged ahead of Denmark and Sweden. When and why did Norway catch up? The discovery and extraction of oil in...
Persistent link: https://www.econbiz.de/10004980882
Growth studies show, counter to intuition, that the discovery of a natural resource may be a curse rather than a blessing since resource-rich countries grow slower than others. But it has been suggested that Norway may be an important exception to the curse and that the curse does not afflict...
Persistent link: https://www.econbiz.de/10011968132
Growth studies show, counter to intuition, that the discovery of a natural resource may be a curse rather than a blessing since resource-rich countries grow slower than others. But it has been suggested that Norway may be an important exception to the curse and that the curse does not afflict...
Persistent link: https://www.econbiz.de/10004980785
During the 1950-70s Norway had relatively low GDP per capita compared to the OECD average and even more so compared to Denmark and Sweden. During the 1970s there was a significant catch-up in incomes and from the early 1990s a "take-off" in relative income. Norway is currently ranked among the...
Persistent link: https://www.econbiz.de/10003845012
Currently, evidence on the ‘resource curse’ yields a conundrum. While there is much cross-section evidence to support the curse hypothesis, time series analyses using vector autoregressive (VAR) models have found that commodity booms raise the growth of commodity exporters. This paper adopts...
Persistent link: https://www.econbiz.de/10014204020
Persistent link: https://www.econbiz.de/10012766940
To predict economic success and failure, academics and policymakers alike are interested in the differences in institutional structures across natural resource-based economies. This paper uses a political economy framework to examine the effect of institutional variables on per capita...
Persistent link: https://www.econbiz.de/10011472013
This research argues that deep-rooted factors, determined tens of thousands of years ago, had a significant effect on the course of economic development from the dawn of human civilization to the contemporary era. It advances and empirically establishes the hypothesis that, in the course of the...
Persistent link: https://www.econbiz.de/10009209826
The importance of history, culture, and biogeography in shaping current institutions and the long-run process of economic development is the subject of an important and growing field of research, attracting prominent scholars from different backgrounds. This special issue brings together...
Persistent link: https://www.econbiz.de/10011165219
This research establishes that migratory distance from the cradle of anatomically modern humans in East Africa and its effect on the distribution of genetic diversity across countries has a hump-shaped effect on nighttime light intensity per capita as observed by satellites, reflecting the...
Persistent link: https://www.econbiz.de/10011109381