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2017 | 20 | 1 | 53-73

Article title

Reduction Of An Economy's Raw Material Dependence And The Human Capital Of A Country

Content

Title variants

Obniżenie zależności gospodarki od surowca i kapitał ludzki kraju

Languages of publication

EN

Abstracts

EN
This paper evaluates the raw material dependence of two export-oriented oil and gas extracting countries. We find evidence of presence of the Dutch disease in both countries and of the resource curse in Russia. Reduction of volumes of crude oil and natural gas production and exports, compensated by the growth of value added in other kinds of economic activity, suggests that Norway is gradually overcoming the Dutch disease by means of expanded reproduction of human capital. On the other hand, extraction of hydrocarbons may remain a driver of the Russian economic growth.
PL
Artykuł ocenia zależność od surowca dwóch orientowanych na eksport krajów wydobywających ropy naftowy i gaz. Znaleźliśmy świadectwo obecności Holenderskiej choroby w obu krajach i przekleństwa zasobów w Rosji. Zmniejszenie wielkości produkcji i eksportu ropy naftowej i gazu ziemnego, skompensowane wzrostem wartości dodanej w innych rodzajach gospodarczej działalności, wskazuje na to, że Norwegia stopniowo przezwycięża Holenderską chorobę za pomocą rozszerzonej reprodukcji kapitału ludzkiego. Z drugiej strony, wydobywanie węglowodorów może pozostać koło napędowe rozwoju rosyjskiej gospodarki.

Year

Volume

20

Issue

1

Pages

53-73

Physical description

Dates

published
2017-03-09

Contributors

  • Samara State University of Economics, Department of World Economy
  • Samara State University of Economics, Department of Economics

References

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Document Type

Publication order reference

Identifiers

YADDA identifier

bwmeta1.element.ojs-doi-10_1515_cer-2017-0004
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