Economic Diversification in Resource Rich Countries: Uncovering the State of Knowledge

Renata Lemos and Daniela Scur

No 2016-28, CSAE Working Paper Series from Centre for the Study of African Economies, University of Oxford

Abstract: Diversification is often presented as a desirable policy objective for petroleum rich nations. Yet very little is known about the causes and consequences of diversification in petroleum rich states. In this paper we review the recent literature on diversification in oilexporting states. We identify gaps and shortcomings in this literature along with documenting some trends in non-oil exports and non-oil private sector employment in hydrocarbon rich countries. We conclude with an agenda for research addressing the potential gaps in the literature.

Keywords: Petroleum; Wealth; Economic; Diversification (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:csa:wpaper:2016-28

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