Abstract
The features of «resources curse» phenomenon display within the world economy limits are
considered and its influence on the economic growth tendency is determined; structure and dynamic of
Ukraine national wealth forming and countries of Visegrád Four are compared; author position in
relation to the deployment of «resources curse» effect within national economy limits - national wealth
growth through natural capital exhausting which additionally increases insufficient reproduction of
capital assets is validated.
Keywords
resources curse economic growth natural capital produced capital insufficient reproduction of capital assets
References
- CANUTO, O., CAVALLARI, M., 2012, Natural Capital and the Resource Curse. World Bank, Washington, DC.
- COLLIER, P., GODERIS B., 2007, Commodity Prices, Growth and the Natural Resources Curse: Reconciling a Conundrum. Working Paper 276, Centre for the Study of African Economies, Oxford.
- COSTANZA R., DALY H. E., 1992, Natural Capital and Sustainable Development Conservation Biology, Vol. 6, No. 1., pp. 37-46.
- EICHENGREEN B., PARK D., SHIN K., 2013, Growth Slowdowns Redux: New Evidence on the Middle-Income Trap NBER Working Paper No. 18673.
- LEDERMAN, D., MALONEY W. F., 2007, Natural Resources: Neither Curse nor Destiny. Washington, DC: World Bank; and Stanford, CA: Stanford University Press.
- NELSON, R. R., 1956, A theory of the low level equilibrium trap in under-developed economies. The American Economic Review, 46, pp. 894-908
- PEARCE D.W., ULPH D., 1999, A Social Discount Rate for the United Kingdom, In Environmental Economics: Essays in Ecological Economics and Sustainable Development. Cheltenham.
- SACHS, J. D., WARNER A. M., 1995, Natural Resource Abundance and Economic Growth. NBER Working Paper 5398, National Bureau of Economic Research, Cambridge, MA.
- WORLD BANK, 2006, Where is the Wealth of Nations? Measuring Capital for the 21st Century. Washington.
Abstract
The features of «resources curse» phenomenon display within the world economy limits are considered and its influence on the economic growth tendency is determined; structure and dynamic of Ukraine national wealth forming and countries of Visegrád Four are compared; author position in relation to the deployment of «resources curse» effect within national economy limits - national wealth growth through natural capital exhausting which additionally increases insufficient reproduction of capital assets is validated.
References
- CANUTO, O., CAVALLARI, M., 2012, Natural Capital and the Resource Curse. World Bank, Washington, DC.
- COLLIER, P., GODERIS B., 2007, Commodity Prices, Growth and the Natural Resources Curse: Reconciling a Conundrum. Working Paper 276, Centre for the Study of African Economies, Oxford.
- COSTANZA R., DALY H. E., 1992, Natural Capital and Sustainable Development Conservation Biology, Vol. 6, No. 1., pp. 37-46.
- EICHENGREEN B., PARK D., SHIN K., 2013, Growth Slowdowns Redux: New Evidence on the Middle-Income Trap NBER Working Paper No. 18673.
- LEDERMAN, D., MALONEY W. F., 2007, Natural Resources: Neither Curse nor Destiny. Washington, DC: World Bank; and Stanford, CA: Stanford University Press.
- NELSON, R. R., 1956, A theory of the low level equilibrium trap in under-developed economies. The American Economic Review, 46, pp. 894-908
- PEARCE D.W., ULPH D., 1999, A Social Discount Rate for the United Kingdom, In Environmental Economics: Essays in Ecological Economics and Sustainable Development. Cheltenham.
- SACHS, J. D., WARNER A. M., 1995, Natural Resource Abundance and Economic Growth. NBER Working Paper 5398, National Bureau of Economic Research, Cambridge, MA.
- WORLD BANK, 2006, Where is the Wealth of Nations? Measuring Capital for the 21st Century. Washington.
Details
| Journal Section | Articles |
|---|---|
| Authors | |
| Publication Date | January 28, 2015 |
| Published in Issue | Year 2015 |