Cover IMF Working Papers
Transforming Non-Renewable Resource Economies (NREs)
Author: Bill Battaile and Mr. Saurabh Mishra
Series:
IMF Working Papers
Volume/Issue:
Volume 2015: Issue 171
Language:
English
Publication Date:
23 Jul 2015
DOI:
https://doi.org/10.5089/9781513573571.001
ISBN:
9781513573571
ISSN:
1018-5941
Pages:
61
Keywords:
WP; NREs Weathered Post; export; service sector; resource curse; diversification; manufacturing; services; comparative advantage; productivity growth; middle income; export basket; commodity export data; resource base export; product export; emerging market NREs; copper export value; NRE productivity improvement; service import; Merchandise export; world service export; Personal income; Exports; Service exports; Productivity; Labor productivity; Asia and Pacific; East Asia; Caribbean; Central Asia; Global
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
Download PDF (12.7 MB) Download Epub
This paper provides an empirical benchmarking of growth, productivity and export patterns for developing NREs against other low and middle income developing countries, to inform policy discussions and future analytical work. There is stark heterogeneity in the association of resource sector and overall growth outcomes, by commodity and degree of dependence. Over the long term, inter-sectoral growth dynamics have been more muted for NREs than other developing countries, especially at lower incomes. Despite productivity convergence in mining, as expected, productivity growth in manufacturing and services was generally lower in NREs. Exceptions are few, in East Asia and the CIS area which experienced broad-based productivity growth. NRE product exports are more concentrated and relatively less complex, though we find increasingly diversified service export baskets. Technological progress and specialization in trade in services may offer diversification options for the future.
Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund