Mineral Rents and Social Development in Norway

Halvor Mehlum, Karl Moene and Ragnar Torvik

Chapter 6 in Mineral Rents and the Financing of Social Policy, 2012, pp 155-184 from Palgrave Macmillan

Abstract: Abstract In 1900, Norway was among the poorer countries in Europe. According to the United Nations Development Programme (UNDP) Human Development Index (HDI), Norway is today among the countries that deliver the highest welfare to its population. The remarkable transition is the product of economic opportunities and political choices. The economic opportunities were provided by the vast natural resources. Norway initially exported timber and fish, and then developed industry based on hydroelectric power, before finally, from 1973 onwards, becoming a producer of oil and then natural gas.

Keywords: Gross Domestic Product; Pension Fund; Saving Rate; Resource Abundance; Veto Player (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Working Paper: Mineral Rents and Social Development in Norway (2011)
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:pal:sopchp:978-0-230-37091-3_6

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230370913

DOI: 10.1057/9780230370913_6

Access Statistics for this chapter

More chapters in Social Policy in a Development Context from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().