Torregrosa Hetland, Sara
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Torregrosa Hetland
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Sara
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Economía
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INARBE. Institute for Advanced Research in Business and Economics
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Publication Open Access Natural resources curse in the long run? Bolivia, Chile and Peru in the nordic countries' mirror(MDPI, 2018-03-26) Ducoing Ruiz, Cristián; Peres-Cajías, José; Badia-Miró, Marc; Bergquist, Ann-Kristin; Contreras, Carlos; Ranestad, Kristin; Torregrosa Hetland, Sara; Economía; EkonomiaThe new estimates of the Maddison Project show that GDP per capita ratio at purchasing power parity (ppp) between Bolivia and Finland has changed from 0.68 ca. 1850 to 0.16 in 2015; similarly, that between Chile and Norway from 0.65 to 0.28. The aim of this article is to present a review of the literature and available quantitative evidence to understand how these extreme differences became possible between countries with similarly enormous natural resource endowments. Specifically, the article seeks to: (a) identify some stylized facts that may help understand the divergence between Andean and Nordic countries; (b) identify key historical processes that explain the divergent effect of natural resource abundance in Andean and Nordic economies. In order to achieve these objectives, four topics are covered: GDPpc, population, trade and taxation. The analysis comprises three Nordic countries (Finland, Norway and Sweden) and three Andean countries (Bolivia, Chile and Peru) from the mid-Nineteenth Century to present day. The sample size, time span covered and thematic approach provide new evidence regarding previous work.Publication Open Access Growth, inequality and extraction in Ibero-American democratizations(2017) Ducoing Ruiz, Cristián; Torregrosa Hetland, SaraWill democracy improve the distribution of economic welfare? Do dictatorships leave long-run legacies behind? In this paper we explore four Ibero-American countries with some common historical traits, but also different contexts: Spain, Portugal, Brazil, and Chile. The two Iberian nations suffered long periods of autocratic regime in the 20th Century, while our south American cases had relatively later and shorter dictatorships. We intend to assess the extent to which democratization brought about improvements in societal welfare, combining indicators of inequality and economic performance. We propose the applicability of the concept of Inequality Extraction Ratio, initially suggested for ancient societies but adapted by Milanovic (2013b) to the analysis of contemporary economies. Our hypothesis is that democratizations, while probably not able to achieve reductions in inequality, could have promoted decreases in relative extraction.