A dependent economy model with productive linkages and the pattern of specialization in resource abundant countries

Leandro Serino ()
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Leandro Serino: Universidad Nacional de General Sarmiento

Revista de Economía Política de Buenos Aires, 2009, issue 5-6, 121-131

Abstract: This paper presents a dependent economy model extended to consider the role of productive linkages. The model shows that a positive natural resource shock, as the one experienced by South American countries in recent years, can encourage productive and export diversification, in contrast to the predictions of conventional models. This can occur when the shock promotes the expansion of productive linkages, which provide infrastructure and other specialised services that are essential to compete in modern manufacturing production. Diversification may occur directly in countries with natural resource intensive industries with productive linkages, or indirectly through policies to promote investment in infrastructure in the context of positive resource shocks.

Keywords: dependent economy; natural resources (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:ake:repba1:y:2009:i:5-6:p:121-131

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