Identifying the role of natural resources in knowledge-based strategies of development
Isabel Alvarez () and
Romilio Labra ()
Additional contact information
Romilio Labra: Institute of Agricultural Research. INIA-Chile. Instituto Complutense de Estudios Internacionales (ICEI). Universidad Complutense de Madrid.
No 1305, Working Papers del Instituto Complutense de Estudios Internacionales from Universidad Complutense de Madrid, Instituto Complutense de Estudios Internacionales
Abstract:
Knowledge has adopted a preferential role in the explanation of development while the evidence about the effect of natural resources in countries’ performance is more controversial in the economic literature. This paper tries to demonstrate that natural resources may positively affect growth in countries with a strong natural resources specialization pattern although the magnitude of these effects depend on the type of resources and on other aspects related to the production and innovation systems. The positive trajectory described by a set of national economies mainly specialized in natural resources and low-tech industries invites us to analyze what is the combination of factors that serves as engine for a sustainable development process. With panel data for the period 1996-2008 we estimate an applied growth model where both traditional factors and other more related to innovation and absorptive capabilities are taken into account. Our empirical findings show that according to the postulates of a knowledge-based approach, a framework that combines physical and intangible factors is more suitable for the definition of development strategies in those prosperous economies dominated by natural resources and connected activities, while the internationalization process of activities and technologies become also a very relevant aspect.
Keywords: Development; Natural resources; Economic growth; Institutions; Knowledge economy. (search for similar items in EconPapers)
JEL-codes: O11 O13 (search for similar items in EconPapers)
Pages: 35 pages
Date: 2013
References: Add references at CitEc
Citations:
Downloads: (external link)
https://eprints.ucm.es/id/eprint/38227/1/WP05-13.pdf Full text (application/pdf)
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:ucm:wpaper:1305
Ordering information: This working paper can be ordered from
Instituto Complutense de Estudios Internacionales. Finca Mas Ferre Campus de Somosaguas 28223 Madrid
Access Statistics for this paper
More papers in Working Papers del Instituto Complutense de Estudios Internacionales from Universidad Complutense de Madrid, Instituto Complutense de Estudios Internacionales Contact information at EDIRC.
Bibliographic data for series maintained by Águeda González Abad ().