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 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.

Bibliographic Details

Main Author:	Martin, Will
Language:	English
Published:	World Bank, Washington, DC 2005-01
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 https://hdl.handle.net/10986/8908
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