Phenomenon of Plenty: Theory and diagnosis

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.

Issue Date:
Nov 10 2011
Publication Type:
Journal Article
DOI and Other Identifiers:
1804-0527 (PRINT) (Other)
PURL Identifier:
Published in:
Volume 09, Issue 3
Perspectives of Innovations, Economics, and Business
Page range:
Total Pages:
JEL Codes:
B22; C18; L71; O50; Q33

 Record created 2017-04-01, last modified 2018-01-22

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