Suchergebnisse

The present review is divided into two rather distinct parts. Chapter 1 and 2 give first a brief overview of the country's economy and its manufacturing sector and then a more detailed review of the structure and development of its manufacturing industries. Chapter 3 analyzes the problems and prospects of selected industrial enterprises. Chapter 4 reviews policy measures relevant to industrial development and presents information on the more important governmental and other institutions involved in industrial development. Chapter 5 examines the resource endowment for industrialization in Djibouti

1. Economic diversification : new thinking / Sami Mahroum -- 2. Industrial diversification and the evolving position of natural resources in the Canadian economy / Richard Hawkins -- 3. Diversification of the Saudi economy : challenges and prospects / Hatem Samman and Sheikh Shahnawaz -- 4. Diversification in Latin American oil exporters : was no intervention a better policy option? / Igor Hernandez and Osmel Manzano -- 5. Economic diversification in Malaysia : timing, path dependence and increasing returns / Abdillah Noh -- 6. Diversification, Dutch disease and economic growth : options for Uganda / Thorvaldur Gylfason and Jean-Pascal Nguessa Nganou -- 7. Economic diversification in Australia / John Phillimore and Kenneth Leong -- 8. Economic diversification in Russia : nuclear to the rescue? / Li-Chen Sim -- 9. Kazakhstan's diversification strategy : are policies building linkages and promoting competition? / Peter Howie -- 10. The role of institutions on economic diversification : the case of UAE / Hamed Al-Hashemi -- 11. Double diversification with an application to Iceland / Thorvaldur Gylfason and Per Magnus Wijkman -- 12. Industrial diversification processes and strategies in an oil economy : Norway / Olav Wicken -- 13. Old and new directions for economic diversification policies / Yasser Al-Saleh.

AbstractDiversification is touted as a desirable policy objective for oil‐rich nations because it reduces exposure to volatility. However, the empirical relationship between petroleum and diversification is not well understood. Here, we test the effect of giant oil discoveries on diversification using a panel dataset of 136 countries observed over the period from 1962 to 2012. We notice non‐oil sector export concentration 8 years after a discovery. However, we do not observe any effect on the structure of employment in non‐resource and manufacturing sectors. Democratic political institutions moderate the export and employment concentration effects of petroleum discovery.