Economic Diversification in Resource Rich Countries: Uncovering the State of Knowledge
Nouf Alsharif (),
Sambit Bhattacharyya and
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Nouf Alsharif: Department of Economics, University of Sussex
Working Paper Series from Department of Economics, University of Sussex Business School
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 oil-exporting 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)
JEL-codes: D72 O11 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:sus:susewp:09816
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