Natural Resource Economics and Development
A special issue of Sustainability (ISSN 2071-1050). This special issue belongs to the section "Economic and Business Aspects of Sustainability".
Deadline for manuscript submissions: closed (30 November 2022) | Viewed by 532
Special Issue Editors
Interests: natural resource economics; environmental economics; mathematical economics; sustainable energy
Special Issues, Collections and Topics in MDPI journals
Special Issue Information
Dear Colleagues,
The existence of natural resources in abundance is important for economic growth. However, the abundance of resources is not enough as their proper exploitation is required.
Natural resources affect economic development through two sorts of effects: 1) Direct effects with positive and negative components. On the positive side, natural resources generate economic rents which can be used for productive purposes. On the negative side, uncertainties associated with the decline and volatility of trade for raw materials in the long run can undermine public finances and discourage investment. 2) Indirect effects that appear due to the potential adverse effects of natural resources on institutional quality. Resource abundance undermines the development of political and governance institutions by fostering a rentier institutional culture and generates conditions of inequality in wealth.
On the other hand, natural resources also have a double-edged effect on economic growth, in that the intensity of its use raises output but increases its depletion rate.
In accordance with Barbier (2019), the following stylized facts of natural resource use in the economies of low- and middle-income countries can be highlighted: 1) The majority of low- and middle-income countries are highly dependent on primary product exports. 2) Resource dependency in low- and middle-income countries is associated with poor economic performance. 3) Development in low- and middle-income economies is associated with increased land conversion and stress on available fresh water resources. 4) A significant share of the population in low- and middle-income economies is concentrated on fragile lands.
Several theories have been proposed to explain why increasing economic dependence on natural resources in low- and middle-income economies is associated with poorer economic performance. Some of these theories are the following: the resource curse hypothesis, the open access hypothesis, the factor endowment hypothesis, or the frontier expansion hypothesis.
This Special Issue aims to contribute to the study of the role of natural resources in economic development. The main geographical focus will be on low- and middle-income countries.
Research and review articles are therefore invited to be submitted to this Special Issue.
Barbier, E.B. Natural Resources and Economic Development. Second Edition. Cambridge University Press, 2019.
Prof. Dr. Emilio Cerdá
Prof. Dr. Sonia Quiroga
Guest Editors
Manuscript Submission Information
Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.
Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Sustainability is an international peer-reviewed open access semimonthly journal published by MDPI.
Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 2400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.
Keywords
- natural resource curses
- natural resource rents
- international trade and natural resources
- natural resource accounting and economic development
- the role of institutions and policies
- the economics of land conversion
- water availability and economic development
- the economics of biodiversity preservation
Benefits of Publishing in a Special Issue
- Ease of navigation: Grouping papers by topic helps scholars navigate broad scope journals more efficiently.
- Greater discoverability: Special Issues support the reach and impact of scientific research. Articles in Special Issues are more discoverable and cited more frequently.
- Expansion of research network: Special Issues facilitate connections among authors, fostering scientific collaborations.
- External promotion: Articles in Special Issues are often promoted through the journal's social media, increasing their visibility.
- Reprint: MDPI Books provides the opportunity to republish successful Special Issues in book format, both online and in print.
Further information on MDPI's Special Issue policies can be found here.
