Sara Torregrosa Hetland
Senior lecturer
Natural Resources Curse in the long run? : Bolivia, Chile and Peru in the Nordic countries’ mirror
Author
Summary, in English
The new estimates of the Maddison Project show that the p.p.p. GDP per capita ratio between Bolivia and Finland has changed from 0.68 ca. 1850 to 0.16 in 2015; similarly, that between Chile and Norway from 0.65 to 0.28. The aim of this article is to present a review of the literature and available quantitative evidence to understand how these extreme differences became possible between countries with similarly enormous natural resources endowments. Specifically, the article seeks to a) identify some stylised facts that may help understand the divergence between Andean and Nordic countries; b) highlight research questions that will guide further work about the divergent effect of natural resource abundance in Andean and Nordic economies. In order to achieve these objectives, four topics are covered: GDPpc, population, trade and taxation. The analysis comprises three Nordic countries (Finland, Norway, and Sweden) and three Andean countries (Bolivia, Chile, and Peru) from the mid-nineteenth century to present day. The sample size, time span covered and thematic approach provide new evidence regarding previous work.
Department/s
- Department of Economic History
Publishing year
2018-02-07
Language
English
Full text
- Available as PDF - 410 kB
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Document type
Conference paper
Topic
- Economic History
Keywords
- economic history
- natural resources
- Latin America
- Nordic countries
- knowledge
- economic development
- trade
- commodities
- human capital
- taxation
- long term economic growth
- Q01
- Q32
- N50
- N56
Conference name
The Economic History of Natural Resources and Sustainable Development
Conference date
2018-01-15 - 2018-01-16
Conference place
LUND, Sweden
Status
Published
Project
- Sustainable development, Fiscal policy and Natural resources management. Bolivia, Chile and Peru in the Nordic countries’ mirror