ECONOMIC DEVELOPMENT, STRUCTURAL CHANGE AND NATURAL RESOURCE BOOMS: A STRUCTURALIST PERSPECTIVE

2009 ◽  
Vol 61 (3) ◽  
pp. 510-539 ◽  
Author(s):  
Alberto Botta
2020 ◽  
pp. 27-50
Author(s):  
Mark Henstridge

This chapter sets out a framework for thinking about the challenges presented by a natural resource boom. A significant natural resource discovery creates excited expectations of near-future wealth. But the size of a boom is usually overestimated and the delay in receiving revenues is underestimated—each country that finds the opportunity of natural resources disappointing does so in its own way. The author takes stock of the sequencing, timing, and scale of the development of a natural resource endowment in a developing country; reviews the ‘resource curse’ literature; looks at benchmarks of scale and timing so as to put potential booms into the context of the challenges of economic development, growth, and structural change in Africa, including the role played by institutions. In concluding, the author details key challenges for a developing country managing a natural resource boom, and pulls together observations on policy.


2019 ◽  
Author(s):  
Tom Mueller ◽  
Ann R. Tickamyer

Understanding rural resident support for various forms of natural resource related economic development has been a common research topic in rural sociology. However, the vast majority of research has only evaluated support for one form of natural resource use at a time. The little research that has explored support for a wide variety of uses has found that residents are likely to support many of the suggested forms of development. We assessed rural resident support for seven forms of natural resource development: commercial logging, natural gas, mining, real estate, wind energy, tourism, and outdoor recreation. Using social exchange theory, this study examines the influence of perceived impacts of development, industry trust, and perceived industry power on general support for the seven forms of natural resource-related economic development using a fixed effects generalized linear model among a sample of residents of rural Pennsylvania communities. Additionally, we use mixed logit discreet choice modeling to evaluate the drivers of relative support, meaning a stated preference for one form of development over other possible options. The drivers of general support and relative support were similar, with trust in industry and impacts to quality of life emerging as the primary drivers of both.


Author(s):  
Alejandro Lavopa ◽  
Adam Szirmai

This chapter analyses economic development through the lens of a newly developed index: the structural modernization index. This index combines two dimensions that have been widely invoked as prime drivers of economic development namely, structural change and technological catch-up. For each country, the index calculates the productivity gap with respect to the world frontier in activities that typically represent the modern sector of the economy and weights this relative productivity by the employment share of those activities in the total labour force. The index is calculated for a sample of 115 countries over the period 1960–2014. It is used to explore the relationship between structural modernization and the ability to escape poverty and middle-income traps.


Author(s):  
Savaş Çevik

The chapter examines tax structure and its relation to good governance and economic development in the MENA countries. First, it discusses how different tax systems and tax structures in the region compared with other countries. MENA region can be characterized with low level of tax-to-GDP ratio compared to other groups of countries. However, tax systems considerably diverge within the region. Most importantly, whether having hydrocarbon revenues meaningfully divides the region's countries with respect to tax composition, tax levels, tax ratios and tax regimes. Literature suggests that natural resource revenue is also an important determinant of governance and institutional development that have impact on economic development, while good governance, a more legitimate and responsive state is an essential factor for a more adequate level of tax effort. Therefore, the second section of the study examines the relationships between taxation and good governance with emphasis on the MENA region.


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