Citation

Discussion Paper Details

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Full Details

Title: Natural resource wealth: the challenge of managing a windfall

Author(s): Frederick van der Ploeg and Anthony Venables

Publication Date: December 2011

Keyword(s): absorptive capacity, Dutch disease, fiscal rules, managing windfalls, public investment, resource curse and volatility

Programme Area(s): Development Economics and International Macroeconomics

Abstract: Many countries have failed to use natural resource wealth to promote growth and development. They have been damaged by volatility of revenues, have failed to save a sufficiently high proportion of their resource revenues and failed to make high return investments to support diversification of their economies. This paper explores the reasons for these failures and discusses policies to improve performance.

For full details and related downloads, please visit: https://cepr.org/active/publications/discussion_papers/dp.php?dpno=8694

Bibliographic Reference

van der Ploeg, F and Venables, A. 2011. 'Natural resource wealth: the challenge of managing a windfall'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=8694