1. Natural Resources Curse in the Long Run? Bolivia, Chile and Peru in the Nordic Countries’ Mirror
- Author
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Carlos Contreras, José Peres-Cajías, Sara Torregrosa, Cristian Ducoing, Marc Badia-Miró, Kristin Ranestad, Ann-Kristin Bergquist, and Universitat de Barcelona
- Subjects
Bolívia ,knowledge ,Latin Americans ,060106 history of social sciences ,Geography, Planning and Development ,Q01 ,Política industrial ,Renewable energy sources ,Perú ,Peru ,Per capita ,GE1-350 ,0601 history and archaeology ,Chile ,commodities ,050207 economics ,natural resources ,long-term economic growth ,Economic History ,Stylized fact ,education.field_of_study ,Curse ,Environmental effects of industries and plants ,05 social sciences ,Xile ,06 humanities and the arts ,long term economic growth ,Natural resource ,economic development ,Latin America ,Scandinavia ,trade ,human capital ,taxation ,Nordic countries ,Purchasing power parity ,Geography ,Ekonomisk historia ,Recursos naturals ,Bolivia ,Population ,TJ807-830 ,Management, Monitoring, Policy and Law ,TD194-195 ,Human capital ,0502 economics and business ,Development economics ,education ,Economic growth ,N56 ,Q32 ,Industrial policy ,N50 ,Renewable Energy, Sustainability and the Environment ,Creixement econòmic ,economics ,Building and Construction ,Environmental sciences ,Resource curse ,Natural resources - Abstract
The new estimates of the Maddison Project show that GDP per capita ratio at purchasing power parity (ppp) 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 resource endowments. Specifically, the article seeks to: (a) identify some stylized facts that may help understand the divergence between Andean and Nordic countries; (b) identify key historical processes that explain 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.
- Published
- 2018