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The Dynamics of Resource-Based Economic Development: Evidence from Australia and Norway

Simon Ville and Olav Wicken
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Olav Wicken: University of Oslow

Economics Working Papers from School of Economics, University of Wollongong, NSW, Australia

Abstract: Australia and Norway have achieved modern levels of development as resource-based economies, thus avoiding the so-called resource curse. Their ability to achieve this rested heavily upon diversification into new resource products and industries. These processes relied heavily on innovation, confirming the close ties that have existed between resource-based industries and knowledge-producing and disseminating sectors of society. We develop a resource-based diversification model that analyses the interaction between ‘enabling’ sectors and resource industries and apply it to the historical experience of the two countries.

Keywords: resource curse; enabling sectors; knowledge economy; social technologies (search for similar items in EconPapers)
JEL-codes: N50 O13 O57 Q01 (search for similar items in EconPapers)
Pages: 56 pages
Date: 2012
New Economics Papers: this item is included in nep-knm
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Citations: View citations in EconPapers (14)

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Journal Article: The dynamics of resource-based economic development: evidence from Australia and Norway (2013) Downloads
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