Home > Research > Publications & Outputs > Natural resources and small island economies

Electronic data

  • JDS_SIDS1.4

    Rights statement: This is an Accepted Manuscript of an article published by Taylor & Francis in Journal of Development Studies on 21/04/2016, available online: http://www.tandfonline.com/10.1080/00220388.2016.1160063

    Accepted author manuscript, 758 KB, PDF document

    Available under license: CC BY-NC: Creative Commons Attribution-NonCommercial 4.0 International License

Links

Text available via DOI:

View graph of relations

Natural resources and small island economies: Mauritius and Trinidad and Tobago

Research output: Contribution to Journal/MagazineJournal articlepeer-review

Published

Standard

Natural resources and small island economies: Mauritius and Trinidad and Tobago. / Auty, Richard Michael.
In: Journal of Development Studies, Vol. 53, No. 2, 01.02.2017, p. 264-277.

Research output: Contribution to Journal/MagazineJournal articlepeer-review

Harvard

APA

Vancouver

Auty RM. Natural resources and small island economies: Mauritius and Trinidad and Tobago. Journal of Development Studies. 2017 Feb 1;53(2):264-277. Epub 2016 Apr 21. doi: 10.1080/00220388.2016.1160063

Author

Auty, Richard Michael. / Natural resources and small island economies : Mauritius and Trinidad and Tobago. In: Journal of Development Studies. 2017 ; Vol. 53, No. 2. pp. 264-277.

Bibtex

@article{46a24871d25d42b19a6a4352ce6ba75b,
title = "Natural resources and small island economies: Mauritius and Trinidad and Tobago",
abstract = "Historically, small economies, especially resource-rich ones, underperformed on average relative to their larger counterparts. Small island economies appear still more disadvantaged due to remoteness from both markets and agglomeration economies. Yet a comparison of two small island economies with similar initial conditions other than their mineral endowment suggests that policy outweighs size, isolation and resource endowment in determining economic performance. Resource-poor Mauritius adopted an unfashionable policy of export manufacturing that systematically eliminated surplus labour, which drove economic diversification that sustained rapid GDP growth and political maturation. Like most resource-rich economies, Trinidad and Tobago pursued policies that absorbed rent too rapidly, which impeded diversification and created an illusory prosperity vulnerable to collapse.",
author = "Auty, {Richard Michael}",
note = "This is an Accepted Manuscript of an article published by Taylor & Francis in Journal of Development Studies on 21/04/2016, available online: http://www.tandfonline.com/10.1080/00220388.2016.1160063",
year = "2017",
month = feb,
day = "1",
doi = "10.1080/00220388.2016.1160063",
language = "English",
volume = "53",
pages = "264--277",
journal = "Journal of Development Studies",
issn = "0022-0388",
publisher = "Routledge",
number = "2",

}

RIS

TY - JOUR

T1 - Natural resources and small island economies

T2 - Mauritius and Trinidad and Tobago

AU - Auty, Richard Michael

N1 - This is an Accepted Manuscript of an article published by Taylor & Francis in Journal of Development Studies on 21/04/2016, available online: http://www.tandfonline.com/10.1080/00220388.2016.1160063

PY - 2017/2/1

Y1 - 2017/2/1

N2 - Historically, small economies, especially resource-rich ones, underperformed on average relative to their larger counterparts. Small island economies appear still more disadvantaged due to remoteness from both markets and agglomeration economies. Yet a comparison of two small island economies with similar initial conditions other than their mineral endowment suggests that policy outweighs size, isolation and resource endowment in determining economic performance. Resource-poor Mauritius adopted an unfashionable policy of export manufacturing that systematically eliminated surplus labour, which drove economic diversification that sustained rapid GDP growth and political maturation. Like most resource-rich economies, Trinidad and Tobago pursued policies that absorbed rent too rapidly, which impeded diversification and created an illusory prosperity vulnerable to collapse.

AB - Historically, small economies, especially resource-rich ones, underperformed on average relative to their larger counterparts. Small island economies appear still more disadvantaged due to remoteness from both markets and agglomeration economies. Yet a comparison of two small island economies with similar initial conditions other than their mineral endowment suggests that policy outweighs size, isolation and resource endowment in determining economic performance. Resource-poor Mauritius adopted an unfashionable policy of export manufacturing that systematically eliminated surplus labour, which drove economic diversification that sustained rapid GDP growth and political maturation. Like most resource-rich economies, Trinidad and Tobago pursued policies that absorbed rent too rapidly, which impeded diversification and created an illusory prosperity vulnerable to collapse.

U2 - 10.1080/00220388.2016.1160063

DO - 10.1080/00220388.2016.1160063

M3 - Journal article

VL - 53

SP - 264

EP - 277

JO - Journal of Development Studies

JF - Journal of Development Studies

SN - 0022-0388

IS - 2

ER -