Resource Abundance and Economic Development

By R. M. Auty | Go to book overview

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

Akhad, A., A. Alisher and S. Kahramon (1995), 'Economic reform and investment priorities in the Republic of Uzbekistan', Comparative Economic Studies, 37/3, 27.

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.

de Melo, M., C. Denzier and A. Gelb (1996), 'Patterns of transition from plan to market', World Bank Economic Review, 10, 397-424.

de Melo, M., C. Denzier, A. Gelb and S. Tenev (1997), 'Circumstance and choice: the role of initial conditions and policies in transition economies', Washington DC: World Bank (mimeo).

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

EBRD (1997), Transition Report 1997, London: EBRD.

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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Resource Abundance and Economic Development
Table of contents

Table of contents

  • Unu World Institute for Development Economics Research (Unu/Wider) ii
  • Resource Abundance and Economic Development iii
  • Foreword v
  • Acknowledgements vii
  • Contents ix
  • List of Tables xi
  • List of Figures xiv
  • List of Contributors xv
  • Part I Introduction 2
  • 1: Introduction and Overview 3
  • References 15
  • Part II Critical Parameters in Resource-Based Development Models 18
  • 3: The Sustainability of Extractive Economies 36
  • Appendix 3.1 Deriving Net Income and Genuine Saving 46
  • References 55
  • References 73
  • Part III Long-Term Perspective On, and Models Of, Resource-Based Growth 94
  • References 109
  • 7: Short-Run Models of Contrasting Natural Resource Endowments 113
  • References 124
  • References 142
  • Part IV Development Trajectories of Resource-Abundant Countries 145
  • 9: Competitive Industrialization with Natural Resource Abundance 147
  • References 163
  • 10: A Growth Collapse with Diffuse Resources 165
  • References 177
  • References 191
  • 12: A Growth Collapse with High Rent Point Resources 193
  • References 206
  • 13: Large Resource-Abundant Countries Squander Their Size Advantage 208
  • References 220
  • Part V Lessons for Policy Reform 223
  • References 237
  • 15: Growth, Capital Accumulation, and Economic Reform in South Africa 239
  • Appendix 15.1 257
  • References 258
  • 16: Reforming Resource-Abundant Transition Economies 260
  • References 275
  • References 294
  • 18: A Nordic Perspective on Natural Resource Abundance 296
  • Part VI Conclusions 314
  • 19: Conclusions 315
  • References 327
  • Index 329
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