Phenomenon of Plenty: Theory and diagnosis

• Authors: Sergey Uzhegov
• Languages of publication: EN

Abstracts

EN

Present study theoretically explores and empirically diagnoses the Phenomenon of Plenty - paradox of below-potential economic performance of nations generously endowed with natural resources, focusing on oil-rich CIS members: Russia, Azerbaijan, and Kazakhstan. Extending theoretical structure to proposed Four-Component Process it reports existence of direct de-servisation finding previously overlooked cause of oil paradox - downturn of non-tradable sector long-time lacking production forces. Application of elaborated 5-Sign Algorithm for Diagnosis of the Phenomenon of Plenty elicits its presence across evaluated nations.

Keywords

EN

phenomenon of Plenty; Dutch disease; oil; direct de-servisation; algorithm for diagnosis

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Prague Development Center, Czech Republic
• Journal: Perspectives of Innovations, Economics and Business
• Year: 2011
• Volume: 9
• Issue: 3
• Pages: 23-29

Contributors

author

Sergey Uzhegov

• University of Sorbonne, France

• Prague Development Center, Czech Republic

References

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Identifiers

DOI

http://dx.doi.org/10.15208/pieb.2011.36