Has Malaysia really escaped the resource curse? A closer look at the political economy of oil revenue management and expenditures
Anita Doraisami
Resources Policy, 2015, vol. 45, issue C, 98-108
Abstract:
Malaysia has been widely cited as belonging to a group of developing countries which has escaped the resource curse. No doubt its inclusion in this group has been based on its impressive growth record prior to the Asian financial crisis, and its achievements on poverty alleviation and economic diversification. Since the Asian financial crisis however, growth rates have slowed, the economy has experienced premature deindustrialisation and oil and gas revenues have become the major source of financing the budget, casting doubts on whether Malaysia has in fact been untouched by the resource curse. The paper concludes by examining the policy implications of the findings.
Keywords: Malaysia; Resource curse; Fiscal policy; Institutions (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (16)
Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0301420715000331
Full text for ScienceDirect subscribers only
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:45:y:2015:i:c:p:98-108
DOI: 10.1016/j.resourpol.2015.03.008
Access Statistics for this article
Resources Policy is currently edited by R. G. Eggert
More articles in Resources Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().