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Resource-based economy

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Title: Resource-based economy  
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Subject: Norwegian paradox, Social progress, Digital economy, Informal sector, Open economy
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Resource-based economy

Resource Based Economy may refer to:

Resource-based economy

A resource-based economy is the economy of a country whose gross national product or gross domestic product to a large extent comes from natural resources.[1]


  • Suriname 1
  • Russia 2
  • Norway 3
  • Australia 4
  • References 5
  • Bibliography 6
  • External links 7


Suriname's exports of bauxite account for more than 15% of GDP and 70% of export earnings.[2]


Of Russian exports, more than 80% are oil, natural gas, metals and timber.[3] Since Russia has a resource based economy, it depends most of all on the fluctuations of oil and gas demand and prices.[4]


Norway's export of oil and gas forms 45% of total exports and more than 20% of the GDP.[5]


Australia developed aspects of a resource-based economy in the later twentieth century, while retaining a foundation in agricultural exports, and latterly minerals.[6][7]


  1. ^   p.26
  2. ^ CIA - World Factbook Suriname
  3. ^   p.191
  4. ^ Nesvetailova, Anastasia. "Why farmers in Belarus will profit under Putin’s sanctions". The Conversation. Retrieved 10 September 2014. 
  5. ^ OECD Environmental Performance Reviews OECD Environmental Performance Reviews: Norway 2011. 2011. Retrieved 2012-03-13.  p.60
  6. ^ retrieval June-1-2012
  7. ^ retrieve June-1-2012


  • Barry C.Field (2000), Natural Resource Economics, McGraw-Hill. ISBN 0-07-231677-2.
  • Thomas H. Tietenberg (1988), Environmental and Natural Resource Economics, Scott-Foresman. ISBN 0-673-18945-7.
  • Philip A. Neher (1990), Natural Resource Economics: Conservation and Exploitation, Cambridge University Press. ISBN 0-521-31174-8.
  • Steven C. Hackett (2001), Environmental and Natural Resources Economics: Theory, Policy, and the Sustainable Society, M.E. Sharpe. ISBN 0-7656-0682-8.
  • Erhun Kula (1992), Economics of Natural Resources and the Environment, Springer. ISBN 0-412-36330-5.
  • Juan C. Suris Regueiro, Manuel M. Varela Lafuente (1995), Introducción a la economía de los recursos naturales, Civitas. ISBN 84-470-0613-1.
  • Pere Riera (2005), Manual de economía ambiental y de los recursos naturales, Thomson. ISBN 84-9732-369-6.
  • Carlos Romero (1994), Economía de los recursos ambientales y naturales, Alianza Editorial. ISBN 84-206-6811-7.
  • Alan Randall, Ricardo Calvet Perez (1985), Economía de los recursos naturales y política ambiental, Limusa. ISBN 968-18-1727-3.
  • Roxana Barrantes (1997), Hacia un nuevo dorado: Economía de los recursos naturales, Consorcio de Investigación Económica. ISBN 9972-670-00-7.

External links

  • "How to Sustain Growth in a Resource Based Economy? The Main Concepts and their Application to the Russian Case" (United Nations Economic Commission for Europe)
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