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dc.contributor.authorAli, Hasnen
dc.contributor.authorRisan, Adrian Haukåssveen
dc.date.accessioned2019-10-15T08:17:24Z
dc.date.available2019-10-15T08:17:24Z
dc.date.issued2019
dc.identifier.urihttp://hdl.handle.net/11250/2622152
dc.descriptionMasteroppgave(MSc) in Master of Science in Business, Economics - Handelshøyskolen BI, 2019 Masteroppgavenb_NO
dc.description.abstractThe discovery of natural resources can turn out to be a curse rather than a blessing, as resource-rich countries tend to grow at a slower pace. However, Norway is considered an exception. This article conducts a structural break analysis in GDP growth to test for the presence of a curse by comparing Norway to Denmark and Sweden. We find that there are no signs of a deceleration in Norway by looking at GDP growth. This perspective is very limited as GDP does not provide a clear interpretation of economic growth. As such, we broaden the analysis by studying variables of sustainability and wealth management, using the same empirical framework. The findings for sustainability suggest a decline in early 2010s, even if GDP growth is on a positive trajectory. This seem to coincide with movements in the oil price. On the other hand, our tests indicate that the wealth management in Norway might be unpredictable, thus violating principles of consumption smoothing. By going beyond the limitations of GDP, Norway seem to develop towards an unsustainable path, and opening the possibility of a resource curse.nb_NO
dc.language.isoengnb_NO
dc.publisherHandelshøyskolen BInb_NO
dc.subjectsamfunnsøkonominb_NO
dc.subjecteconomicsnb_NO
dc.titleIs Norway's Resource Wealth Management Sustainable in the Long Run? A Comparative Study of the Scandinavian Countriesnb_NO
dc.typeMaster thesisnb_NO


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