Scandinavian Working Papers in Economics
Memorandum,
Oslo University, Department of Economics
No 14/2011: Mineral Rents and Social Development in Norway
Halvor Mehlum (), Karl Moene () and Ragnar Torvik
Additional contact information
Halvor Mehlum: Dept. of Economics, University of Oslo, Postal: Department of Economics, University of Oslo, P.O Box 1095 Blindern, N-0317 Oslo, Norway
Karl Moene: Dept. of Economics, University of Oslo, Postal: Department of Economics, University of Oslo, P.O Box 1095 Blindern, N-0317 Oslo, Norway
Ragnar Torvik: Department of Economics, Norwegian University of Science and Technology
Abstract: Norway is often referred to as the prime example of a country that has achieved high growth and low income inequality despite its vast natural resources. This contrasts sharply with many other resource abundant countries, which raises the questions why Norway has succeeded while many other resource abundant countries have not. That is the topic of this paper. To make progress we first need to find out along which dimensions Norway differs from resource abundant countries with a less favorable development. Thereafter we turn to a more detailed description and investigation of the policies adopted in Norway, and discuss if there are lessons to be learned for other resource abundant countries.
Keywords: Sovereign wealth fund; Norway; multi-sector growth; labor supply
JEL-codes: E60; E61; O13; Q32; Q38
37 pages, March 16, 2011
Full text files
Memo-14-2011.pdf
Questions (including download problems) about the papers in this series should be directed to Mari Strønstad Øverås ()
Report other problems with accessing this service to Sune Karlsson ().
This page generated on 2024-04-17 00:05:48.