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| Auty, Richard M.. |
| This paper starts out from the optimistic assumption that the basic policies for environmental economic development are known but uncertainties surround the speed of their adoption. In many developing countries the key obstacle is poor governance: consequently, renewable resources continue to be mined, non-renewable resources are depleted irresponsibly, and reductions in pollution intensity lag. Recent research identifies resource abundance as an important cause of policy failure. This is because the primary sector remains large in relation to GDP so that differences in the scale of natural resource rents (and in their socio-economic linkages) condition macro policy in important ways. Most developing countries are resource-rich, a condition that engenders... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Environmental Economics and Policy; International Development; Resource /Energy Economics and Policy. |
| Ano: 2003 |
URL: http://purl.umn.edu/24136 |
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| Auty, Richard M.. |
| Many developing market economies were strongly distorted during the 1960s and 1970s by fashionable policies to force industrialisation and they experienced growth collapses when exposed to the price shocks of the 1970s. In this context, the centrally planned economies were even more highly distorted and they too experienced collapse, albeit a decade later because they were less exposed to trade shocks. Economic reform has had mixed results in both sets of countries and this paper develops a model of governance to explain the main variations among the transition countries. The model incorporates a neglected factor, namely how the scale of the natural resource rents and their socio-economic linkages condition government behaviour. It posits that... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Political Economy. |
| Ano: 2003 |
URL: http://purl.umn.edu/18742 |
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