Resource Abundance and Economic Development

By R. M. Auty | Go to book overview
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planning. In this sense, Table 16.1 picks up differences in GDP recovery that reflect variations in social capital rather than merely differences in the speed of reform as is assumed by the unadjusted rapid reform model. Although social capital is also important in conditioning the response of the remaining transition economies, their lower income brings a greater reliance on the primary sector and consequently a stronger role for natural resources in governing the nature of reform.


REFERENCES

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Aslund, A., P. Boone and S. Johnson (1996), 'How to stabilise: lessons from post-Communist countries', Brookings Papers on Economic Activity, 1, 217-314.

Auty, R. M. (1998), 'Mineral wealth and the economic transition: Kazakhstan', Resources Policy, 24/4, 241-9.

Auty, R. M. (1999a), 'The IMF model and resource-abundance transition economies: Kazakhstan and Uzbekistan', UNU/WIDER Working Papers 169, Helsinki: UNU/WIDER.

Auty, R. M. (1999b), 'Why is the diversification of manufacturing not occurring in Azerbaijan?' paper prepared for the ECSPE, World Bank, Washington DC.

Becker, C. M. and D. S. Urzhumova (1998), 'Pension burdens and labour force participation in Kazakhstan', World Development, 26, 2087-103.

De Broeck, M. and K. Kostial (1998), 'Output decline in transition: the case of Kazakhstan', IMF Working Paper 98/45, Washington DC: International Monetary Fund.

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EBRD (1996), Transition Report 1996, London: EBRD.

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EBRD (1998), Transition Report 1998, London: EBRD.

EBRD (1999), Transition Report 1996, London: EBRD.

EIU (1996), Country Report: Kyrgyz Republic, Tajikistan, Turkmenistan and Uzbekistan, Fourth Quarter, London: Economist Intelligence Unit.

Financial Times (1998), 'Kazakhstan: a survey', Financial Times (17 June).

Fischer, S., R. Sahay and C. A. Vegh (1996), 'Stabilization and growth in transition economies: the early experience', Journal of Economic Perspectives, 10, 45-66.

Frye, T. and A. Shleifer (1997), 'The invisible hand and the grabbing hand', American Economic Association: Papers and Proceedings, 87/2, 354-8.

Gelb, A. H. and Associates (1988), Oil Windfalls: Blessing or Curse? New York: Oxford University Press.

Gurgen, E., H. Snoek, J. Craig, J. McHigh, I. Izvorski and R. van Rooden (1999), Economic reforms in Kazakhstan, Kyrgyz Republic, Tajikistan, Turkmenistan and Uzbekistan, IMF Occasional Paper 183, Washington DC: IMF.

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