7 Short-Run Models of Contrasting Natural Resource Endowments

S. Mansoob Murshed*

*Corresponding author for this work

Research output: Chapter/Conference proceedingChapterAcademic


This chapter examines the links between natural resources, economic growth, and economic policy using a short-run theoretical macroeconomic model of a small open economy endowed with a natural resource exporting sector. It considers the short-run effects of resource booms, devaluation, and a consumption tax on the non-traded good. Typologies are developed, distinguishing between the East Asian (diffuse resource-rich) and Latin American (point-source linkages) cases.

Original languageEnglish
Title of host publicationResource Abundance and Economic Development
Publication statusPublished - 1 Apr 2005
Externally publishedYes

Bibliographical note

Publisher Copyright: © Oxford University Press, 2013.


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