Natural resource funds as mechanisms for avoiding the resource curse : a comparative study of Kazakhstan, Azerbaijan and Norway

2014

Masteroppgave i økonomi og administrasjon – Universitetet i Agder 2014 Studies show that countries blessed with an abundance of natural resources such as oil tend to have less economic growth and a less fortunate development than countries with fewer natural resources. This master thesis is motivated by the fact that there are relatively few studies conducted on a natural resource funds‟ roles in addressing the “resource curse” and its impact upon the society. The thesis will use a comparative study of Kazakhstan, Azerbaijan and Norway to investigate the use of resource funds related to resource curse avoidance. A special focus is set on the funds‟ budget control and transparency. Variables…