The Varieties of Resource Experience : Natural Resource Export Structures and the Political Economy of Economic Growth
Many oil, mineral, and plantation crop-based economies experienced a substantial deceleration in growth following the commodity boom and bust of the 1970s and early 1980s. This article illustrates how countries dependent on point source natural res...
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| Format: | Journal Article |
| Language: | English en_US |
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Published by Oxford University Press on behalf of the World Bank
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2005/05/17748205/varieties-resource-experience-natural-resource-export-structures-political-economy-economic-growth http://hdl.handle.net/10986/16480 |
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okr-10986-16480 |
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oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTABILITY AGGREGATING GOVERNANCE INDICATORS AGRICULTURAL PRODUCTION AGRICULTURE ANIMALS BANANAS BUREAUCRACY CAPITAL INTENSITY CD CITIZEN CITIZENS CIVIL LIBERTIES CIVIL SOCIETY CIVIL WAR CLIENT COUNTRIES COCOA COERCION COFFEE COLLECTIVE ACTION COMMODITIES COMMODITY COMPARATIVE ADVANTAGE COMPARATIVE ECONOMICS CORN CORRUPTION COTTON COUNTRY RISK CROP CROPS DEBT DEMOCRACY DEMOCRATIC REFORMS DETERMINANTS OF GOVERNANCE DETERMINANTS OF GROWTH DEVELOPING ECONOMIES DEVELOPMENT ASSISTANCE DEVELOPMENT ECONOMICS DISEASE VECTORS ECONOMETRICS ECONOMIC CONDITIONS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC HISTORIANS ECONOMIC HISTORY ECONOMIC PERFORMANCE ECONOMIC PROGRAMS ECONOMIC RESEARCH ECONOMIC STRUCTURE ECONOMICS RESEARCH EXPORT CROPS EXPORTS EXPOSURE FACTOR ENDOWMENTS FARMS FASCISM FERTILIZER FERTILIZERS FOREIGN AID GDP GDP PER CAPITA GEOLOGY GNP GNP PER CAPITA GOOD GOVERNANCE GOVERNANCE INDICATORS GOVERNANCE INSTITUTIONS GOVERNMENT CAPACITY GOVERNMENT EFFECTIVENESS GROWTH PERFORMANCE GROWTH RATE GROWTH RATES GROWTH REGRESSION INCOME INCOME DISTRIBUTION INCOME INEQUALITY INDUSTRIALIZATION INEQUALITY INFRASTRUCTURE PROJECTS INNOVATION INSTITUTIONAL CAPACITY INSTITUTIONAL MEASURES INSTITUTIONAL PERFORMANCE INSTITUTIONAL QUALITY INSTITUTIONAL REFORM INSTITUTIONAL VARIABLES INTERNATIONAL TRADE LEVEL OF DEVELOPMENT LOW-INCOME COUNTRY MACROECONOMIC VARIABLES MEASUREMENT ERROR MEAT MINORITY MODERNIZATION MONETARY ECONOMICS MORTALITY MOTHER NATURAL ENDOWMENTS NATURAL RESOURCE NATURAL RESOURCES NET EXPORTS OILSEEDS OLIGARCHY OPEN ECONOMY OUTPUT PLANTATIONS POLICY RESEARCH POLICY RESEARCH WORKING PAPER POLITICAL CHANGE POLITICAL CONDITIONS POLITICAL ECONOMY POLITICAL INFLUENCE POLITICAL INSTABILITY POLITICAL INSTITUTIONS POLITICAL LEGITIMACY POLITICAL POWER POLITICAL RIGHTS POLITICAL STABILITY POLITICAL STRUCTURES POOR GOVERNANCE POOR PERFORMANCE POPULATION GROWTH PRIME MINISTER PRODUCE PROPERTY RIGHTS PUBLIC INSTITUTIONS PUBLIC POLICY PURCHASING POWER PURCHASING POWER PARITY REGULATORY BURDEN REGULATORY FRAMEWORK REMITTANCES RESPECT RICE RULE OF LAW RURAL PRODUCER SECONDARY SCHOOL SMALLHOLDERS SOCIAL COHESION SOCIAL CONFLICT SOCIAL DEVELOPMENT SOCIAL DIMENSIONS SOCIAL INSTITUTIONS SOCIAL STRUCTURE SPICES STATE UNIVERSITY SUGAR TAX TAXATION TEA TECHNICAL SKILLS THIRD WORLD TOBACCO TRANSPARENCY TREE CROPS URBAN DWELLERS URBANIZATION USE OF RESOURCES VEGETABLE OILS VEGETABLES VESTED INTERESTS VOLATILITY WARS WEALTH WHEAT WORKFORCE WORLD DEVELOPMENT INDICATORS WORLD ECONOMIES WORLD TRADE YIELDS |
| spellingShingle |
ACCOUNTABILITY AGGREGATING GOVERNANCE INDICATORS AGRICULTURAL PRODUCTION AGRICULTURE ANIMALS BANANAS BUREAUCRACY CAPITAL INTENSITY CD CITIZEN CITIZENS CIVIL LIBERTIES CIVIL SOCIETY CIVIL WAR CLIENT COUNTRIES COCOA COERCION COFFEE COLLECTIVE ACTION COMMODITIES COMMODITY COMPARATIVE ADVANTAGE COMPARATIVE ECONOMICS CORN CORRUPTION COTTON COUNTRY RISK CROP CROPS DEBT DEMOCRACY DEMOCRATIC REFORMS DETERMINANTS OF GOVERNANCE DETERMINANTS OF GROWTH DEVELOPING ECONOMIES DEVELOPMENT ASSISTANCE DEVELOPMENT ECONOMICS DISEASE VECTORS ECONOMETRICS ECONOMIC CONDITIONS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC HISTORIANS ECONOMIC HISTORY ECONOMIC PERFORMANCE ECONOMIC PROGRAMS ECONOMIC RESEARCH ECONOMIC STRUCTURE ECONOMICS RESEARCH EXPORT CROPS EXPORTS EXPOSURE FACTOR ENDOWMENTS FARMS FASCISM FERTILIZER FERTILIZERS FOREIGN AID GDP GDP PER CAPITA GEOLOGY GNP GNP PER CAPITA GOOD GOVERNANCE GOVERNANCE INDICATORS GOVERNANCE INSTITUTIONS GOVERNMENT CAPACITY GOVERNMENT EFFECTIVENESS GROWTH PERFORMANCE GROWTH RATE GROWTH RATES GROWTH REGRESSION INCOME INCOME DISTRIBUTION INCOME INEQUALITY INDUSTRIALIZATION INEQUALITY INFRASTRUCTURE PROJECTS INNOVATION INSTITUTIONAL CAPACITY INSTITUTIONAL MEASURES INSTITUTIONAL PERFORMANCE INSTITUTIONAL QUALITY INSTITUTIONAL REFORM INSTITUTIONAL VARIABLES INTERNATIONAL TRADE LEVEL OF DEVELOPMENT LOW-INCOME COUNTRY MACROECONOMIC VARIABLES MEASUREMENT ERROR MEAT MINORITY MODERNIZATION MONETARY ECONOMICS MORTALITY MOTHER NATURAL ENDOWMENTS NATURAL RESOURCE NATURAL RESOURCES NET EXPORTS OILSEEDS OLIGARCHY OPEN ECONOMY OUTPUT PLANTATIONS POLICY RESEARCH POLICY RESEARCH WORKING PAPER POLITICAL CHANGE POLITICAL CONDITIONS POLITICAL ECONOMY POLITICAL INFLUENCE POLITICAL INSTABILITY POLITICAL INSTITUTIONS POLITICAL LEGITIMACY POLITICAL POWER POLITICAL RIGHTS POLITICAL STABILITY POLITICAL STRUCTURES POOR GOVERNANCE POOR PERFORMANCE POPULATION GROWTH PRIME MINISTER PRODUCE PROPERTY RIGHTS PUBLIC INSTITUTIONS PUBLIC POLICY PURCHASING POWER PURCHASING POWER PARITY REGULATORY BURDEN REGULATORY FRAMEWORK REMITTANCES RESPECT RICE RULE OF LAW RURAL PRODUCER SECONDARY SCHOOL SMALLHOLDERS SOCIAL COHESION SOCIAL CONFLICT SOCIAL DEVELOPMENT SOCIAL DIMENSIONS SOCIAL INSTITUTIONS SOCIAL STRUCTURE SPICES STATE UNIVERSITY SUGAR TAX TAXATION TEA TECHNICAL SKILLS THIRD WORLD TOBACCO TRANSPARENCY TREE CROPS URBAN DWELLERS URBANIZATION USE OF RESOURCES VEGETABLE OILS VEGETABLES VESTED INTERESTS VOLATILITY WARS WEALTH WHEAT WORKFORCE WORLD DEVELOPMENT INDICATORS WORLD ECONOMIES WORLD TRADE YIELDS Isham, Jonathan Woolcock, Michael Pritchett, Lant Busby, Gwen The Varieties of Resource Experience : Natural Resource Export Structures and the Political Economy of Economic Growth |
| description |
Many oil, mineral, and plantation
crop-based economies experienced a substantial deceleration
in growth following the commodity boom and bust of the 1970s
and early 1980s. This article illustrates how countries
dependent on point source natural resources (those extracted
from a narrow geographic or economic base, such as oil and
minerals) and plantation crops are predisposed to heightened
economic and social divisions and weakened institutional
capacity. This in turn impedes their ability to respond
effectively to shocks, which previous studies have shown to
be essential for sustaining rising levels of prosperity.
Analysis of data on classifications of export structure,
controlling for a wide array of other potential determinants
of governance, shows that point source and coffee and cocoa
exporting countries do relatively poorly across an array of
governance indicators. These governance effects are not
associated simply with being a natural resource exporter.
Countries with natural resource exports that are diffuse
relying primarily on livestock and agricultural produce from
small family farms do not show the same strong effects and
have had more robust growth recoveries. |
| format |
Journal Article |
| author |
Isham, Jonathan Woolcock, Michael Pritchett, Lant Busby, Gwen |
| author_facet |
Isham, Jonathan Woolcock, Michael Pritchett, Lant Busby, Gwen |
| author_sort |
Isham, Jonathan |
| title |
The Varieties of Resource Experience : Natural Resource Export Structures and the Political Economy of Economic Growth |
| title_short |
The Varieties of Resource Experience : Natural Resource Export Structures and the Political Economy of Economic Growth |
| title_full |
The Varieties of Resource Experience : Natural Resource Export Structures and the Political Economy of Economic Growth |
| title_fullStr |
The Varieties of Resource Experience : Natural Resource Export Structures and the Political Economy of Economic Growth |
| title_full_unstemmed |
The Varieties of Resource Experience : Natural Resource Export Structures and the Political Economy of Economic Growth |
| title_sort |
varieties of resource experience : natural resource export structures and the political economy of economic growth |
| publisher |
Published by Oxford University Press on behalf of the World Bank |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2005/05/17748205/varieties-resource-experience-natural-resource-export-structures-political-economy-economic-growth http://hdl.handle.net/10986/16480 |
| _version_ |
1764433343735136256 |
| spelling |
okr-10986-164802021-04-23T14:03:29Z The Varieties of Resource Experience : Natural Resource Export Structures and the Political Economy of Economic Growth Isham, Jonathan Woolcock, Michael Pritchett, Lant Busby, Gwen ACCOUNTABILITY AGGREGATING GOVERNANCE INDICATORS AGRICULTURAL PRODUCTION AGRICULTURE ANIMALS BANANAS BUREAUCRACY CAPITAL INTENSITY CD CITIZEN CITIZENS CIVIL LIBERTIES CIVIL SOCIETY CIVIL WAR CLIENT COUNTRIES COCOA COERCION COFFEE COLLECTIVE ACTION COMMODITIES COMMODITY COMPARATIVE ADVANTAGE COMPARATIVE ECONOMICS CORN CORRUPTION COTTON COUNTRY RISK CROP CROPS DEBT DEMOCRACY DEMOCRATIC REFORMS DETERMINANTS OF GOVERNANCE DETERMINANTS OF GROWTH DEVELOPING ECONOMIES DEVELOPMENT ASSISTANCE DEVELOPMENT ECONOMICS DISEASE VECTORS ECONOMETRICS ECONOMIC CONDITIONS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC HISTORIANS ECONOMIC HISTORY ECONOMIC PERFORMANCE ECONOMIC PROGRAMS ECONOMIC RESEARCH ECONOMIC STRUCTURE ECONOMICS RESEARCH EXPORT CROPS EXPORTS EXPOSURE FACTOR ENDOWMENTS FARMS FASCISM FERTILIZER FERTILIZERS FOREIGN AID GDP GDP PER CAPITA GEOLOGY GNP GNP PER CAPITA GOOD GOVERNANCE GOVERNANCE INDICATORS GOVERNANCE INSTITUTIONS GOVERNMENT CAPACITY GOVERNMENT EFFECTIVENESS GROWTH PERFORMANCE GROWTH RATE GROWTH RATES GROWTH REGRESSION INCOME INCOME DISTRIBUTION INCOME INEQUALITY INDUSTRIALIZATION INEQUALITY INFRASTRUCTURE PROJECTS INNOVATION INSTITUTIONAL CAPACITY INSTITUTIONAL MEASURES INSTITUTIONAL PERFORMANCE INSTITUTIONAL QUALITY INSTITUTIONAL REFORM INSTITUTIONAL VARIABLES INTERNATIONAL TRADE LEVEL OF DEVELOPMENT LOW-INCOME COUNTRY MACROECONOMIC VARIABLES MEASUREMENT ERROR MEAT MINORITY MODERNIZATION MONETARY ECONOMICS MORTALITY MOTHER NATURAL ENDOWMENTS NATURAL RESOURCE NATURAL RESOURCES NET EXPORTS OILSEEDS OLIGARCHY OPEN ECONOMY OUTPUT PLANTATIONS POLICY RESEARCH POLICY RESEARCH WORKING PAPER POLITICAL CHANGE POLITICAL CONDITIONS POLITICAL ECONOMY POLITICAL INFLUENCE POLITICAL INSTABILITY POLITICAL INSTITUTIONS POLITICAL LEGITIMACY POLITICAL POWER POLITICAL RIGHTS POLITICAL STABILITY POLITICAL STRUCTURES POOR GOVERNANCE POOR PERFORMANCE POPULATION GROWTH PRIME MINISTER PRODUCE PROPERTY RIGHTS PUBLIC INSTITUTIONS PUBLIC POLICY PURCHASING POWER PURCHASING POWER PARITY REGULATORY BURDEN REGULATORY FRAMEWORK REMITTANCES RESPECT RICE RULE OF LAW RURAL PRODUCER SECONDARY SCHOOL SMALLHOLDERS SOCIAL COHESION SOCIAL CONFLICT SOCIAL DEVELOPMENT SOCIAL DIMENSIONS SOCIAL INSTITUTIONS SOCIAL STRUCTURE SPICES STATE UNIVERSITY SUGAR TAX TAXATION TEA TECHNICAL SKILLS THIRD WORLD TOBACCO TRANSPARENCY TREE CROPS URBAN DWELLERS URBANIZATION USE OF RESOURCES VEGETABLE OILS VEGETABLES VESTED INTERESTS VOLATILITY WARS WEALTH WHEAT WORKFORCE WORLD DEVELOPMENT INDICATORS WORLD ECONOMIES WORLD TRADE YIELDS Many oil, mineral, and plantation crop-based economies experienced a substantial deceleration in growth following the commodity boom and bust of the 1970s and early 1980s. This article illustrates how countries dependent on point source natural resources (those extracted from a narrow geographic or economic base, such as oil and minerals) and plantation crops are predisposed to heightened economic and social divisions and weakened institutional capacity. This in turn impedes their ability to respond effectively to shocks, which previous studies have shown to be essential for sustaining rising levels of prosperity. Analysis of data on classifications of export structure, controlling for a wide array of other potential determinants of governance, shows that point source and coffee and cocoa exporting countries do relatively poorly across an array of governance indicators. These governance effects are not associated simply with being a natural resource exporter. Countries with natural resource exports that are diffuse relying primarily on livestock and agricultural produce from small family farms do not show the same strong effects and have had more robust growth recoveries. 2014-01-03T18:48:47Z 2014-01-03T18:48:47Z 2005-09-28 Journal Article http://documents.worldbank.org/curated/en/2005/05/17748205/varieties-resource-experience-natural-resource-export-structures-political-economy-economic-growth World Bank Economic Review doi:10.1093/wber/lhi010 http://hdl.handle.net/10986/16480 English en_US CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Published by Oxford University Press on behalf of the World Bank Publications & Research :: Journal Article Publications & Research :: Journal Article |