Working Paper
Natural Resources and Economic Growth

A Nordic Perspective on the Dutch Disease

The paper begins by offering a quick glance of the Nordic economies and of some aspects of their economic growth performance and natural resource dependence since 1970. Thereafter, it reviews some of the main symptoms of the Dutch disease, and then considers whether these symptoms are observable  in  some  of  the  Nordic  countries  in  view  of  their  abundant natural resources. The experience of Iceland and its fish seems an obvious point  of  departure.  The  paper  then  discusses  the  less  obvious  case  of Norway and its oil (and fish!) and, at last, also reviews some possible linkages between forest resources and economic growth in Finland.