Outgrowing Resource Dependence Theory and Some Recent Developments

Many policy makers are concerned about dependence on resource exports. This paper examines four changes that reduce this dependence: (i) accumulation of capital and skills; (ii) changes in protection policy, particularly reductions in the burden of protection on exporters; (iii) differential rates o...

Full description

Bibliographic Details
Main Author:	Martin, Will
Format:	Policy Research Working Paper
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCOUNT ADVERSE EFFECTS ADVERSE IMPACTS AGRICULTURAL OUTPUT AGRICULTURE BALANCE OF PAYMENTS BALANCE OF TRADE BORROWING CAPITAL ACCUMULATION CAPITAL STOCK CLOSED ECONOMY COMPARATIVE ADVANTAGE COMPENSATING VARIATION CONCEPTUAL FRAMEWORK CONSUMER DEMAND CONSUMER PREFERENCES CURRENT ACCOUNT DEFLATORS DERIVATIVES DEVALUATION DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPMENT POLICY DEVELOPMENT RESEARCH DIVERSIFICATION EARNINGS ECONOMIC DEVELOPMENT ECONOMIC GEOGRAPHY ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMIC POLICY ECONOMIC THEORY ELASTICITIES ELASTICITY OF DEMAND EMPIRICAL STUDIES ENDOWMENTS EQUILIBRIUM EXCHANGE RATE EXCHANGE RATE APPRECIATION EXCHANGE RATE DEVALUATION EXOGENOUS VARIABLES EXPENDITURE EXPENDITURES EXPLOITATION EXPORTS FOREIGN EXCHANGE FOREIGN EXCHANGE MARKET FOREIGN EXCHANGE RATE FOREIGN EXCHANGE RESTRICTIONS GDP GENERAL EQUILIBRIUM MODEL GROWTH MODELS GROWTH RATE HUMAN CAPITAL INCOME INCOME COUNTRIES INCOME EFFECTS INCOME INEQUALITY INDUSTRIALIZATION INPUT USE INPUT-OUTPUT INPUT-OUTPUT TABLES INTERMEDIATE INPUTS LINKAGES MANIFESTS MARKET DISTORTIONS MARKET FAILURES MONOPOLIES NATURAL RESOURCES NET IMPORTS OIL OPEN ECONOMIES OUTPUTS OVERVALUATION POLICY MAKERS PRICE CHANGES PRICE ELASTICITY PRICE ELASTICITY OF SUPPLY PRODUCERS PRODUCTION TECHNOLOGY PRODUCTIVITY PRODUCTIVITY GROWTH PROFITABILITY PUBLIC GOODS QUOTAS REAL EXCHANGE RATE RENEWABLE RESOURCES RESOURCE USE STATE TRADING STOCKS STRUCTURAL CHANGE SUBSTITUTION EFFECT TARIFF BARRIERS TECHNICAL CHANGE TECHNOLOGICAL CHANGE TERMS OF TRADE TIME SERIES TRADE BARRIERS TRADE REFORMS UNEMPLOYMENT VOLATILITY VULNERABILITY WAGES
Online Access:	http://documents.worldbank.org/curated/en/2005/01/5588090/outgrowing-resource-dependence-theory-some-recent-developments http://hdl.handle.net/10986/8908

Description
Summary:	Many policy makers are concerned about dependence on resource exports. This paper examines four changes that reduce this dependence: (i) accumulation of capital and skills; (ii) changes in protection policy, particularly reductions in the burden of protection on exporters; (iii) differential rates of technical change; and (iv) declines in transport costs. Developing countries as a group have made enormous progress in diversifying their exports away from resources in recent decades, a development that appears to have been aided by accumulation of capital and skills and by dramatic reductions in the cost of protection to exporters, but slowed down by technological advances that favored agriculture.

Outgrowing Resource Dependence Theory and Some Recent Developments

Similar Items