Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/26039 
Year of Publication: 
2007
Series/Report no.: 
CESifo Working Paper No. 1994
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
This article is in three parts. First, it briefly describes the contribution of natural resources to economic growth around the world, pondering the question whether an abundance of natural resources is a blessing or a curse. Second, an attempt is made to provide a glimpse of recent empirical evidence that can be brought to bear on this question. Third, the article discusses the experience of Norway, the world's third largest oil exporter. To date, Norway has appeared to be mostly free of the worrisome symptoms, such as the Dutch disease, that have afflicted many other countries with abundant natural resources.
JEL: 
O11
Document Type: 
Working Paper
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