Reduction of an Economy’s Raw Material Dependence and the Human Capital of a Country

Perepelkin Viacheslav () and Perepelkina Elena ()
Additional contact information
Perepelkin Viacheslav: Professor at the Samara State University of Economics, Department of World Economy
Perepelkina Elena: Samara State University of Economics, Department of Economics

Comparative Economic Research, 2017, vol. 20, issue 1, 53-73

Abstract: This paper evaluates the raw material dependence of two export-oriented oil and gas extracting countries. We find evidence of presence of the Dutch disease in both countries and of the resource curse in Russia. Reduction of volumes of crude oil and natural gas production and exports, compensated by the growth of value added in other kinds of economic activity, suggests that Norway is gradually overcoming the Dutch disease by means of expanded reproduction of human capital. On the other hand, extraction of hydrocarbons may remain a driver of the Russian economic growth.

Keywords: Dutch disease; value added; education and health care; resource curse; human capital (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1515/cer-2017-0004 (text/html)

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:vrs:coecre:v:20:y:2017:i:1:p:53-73:n:4

DOI: 10.1515/cer-2017-0004

Access Statistics for this article

Comparative Economic Research is currently edited by Zofia Wysokińska

More articles in Comparative Economic Research from Sciendo
Bibliographic data for series maintained by Peter Golla ().