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Productivity Spillover of Resource Exploitation: Evidence from Venezuelan Industrial Surveys

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  • Lenin Balza
  • Osmel Manzano

Abstract

The role played by natural resources in development has been part of the economic policy debate for some time. One of the issues that have risen the most interest is industrial development. On side there is evidence that there is “Dutch Disease”. On the other hand, there has been an important amount of literature highlighting the positive spillovers that the resource sector could have. In this paper we empirically review the role played by the Venezuelan oil sector in fostering productivity in the manufacturing sector. We use the Manufacturing Survey of Venezuela to find productivity spillovers from the resource sector. We found impacts of the oil sector in productivity. There are direct effects as well as spillovers. Also, we found that the oil sector will impact the likelihood and amount invested in R&DOlley Pakes and Levinsohn Petrin algorthm, Arellano Bond Estimation. We use the Manufacturing Survey of Venezuela to find productivity spillovers from the resource sector. We found impacts of the oil sector in productivity.There are direct effects as well as spillovers. Also, we found that the oil sector will impact the likelihood and amount invested in R&D

Suggested Citation

  • Lenin Balza & Osmel Manzano, 2011. "Productivity Spillover of Resource Exploitation: Evidence from Venezuelan Industrial Surveys," EcoMod2011 3262, EcoMod.
    • Handle: RePEc:ekd:002625:3262
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    References listed on IDEAS

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