Land: The Effects of Resources on Economic Growth

  • Hollis B. Chenery
Part of the International Economic Association Series book series (IEA)


The economic progress of any society depends in large measure on its ability to adapt its productive structure to its wants and to its available natural resources. The natural endowment is usually less important to this process than the human contribution, but the quantity and character of natural resources have an important effect on the pattern of production and often on the level of incomes achieved.


Natural Resource Income Level Capita Income Foreign Trade Resource Endowment 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.


  1. 2.
    See, for example, United Nations, Department of Economic Affairs, Measures for the Economic Development of Under-Developed Countries (New York, 1951)Google Scholar
  2. and W. A. Lewis, The Theory of Economic Growth (London, Allen and Unwin, 1955).Google Scholar
  3. 1.
    H. B. Chenery, ‘Patterns of Industrial Growth’ (American Economic Review, September 1960).Google Scholar
  4. H. B. Chenery, ‘The Role of Industrialisation in Development Programs’, American Economic Review, May 1955.Google Scholar
  5. H. B. Chenery and K. S. Kretschmer, ‘Resource Allocation for Economic Development’ Econometrica, October 1956.Google Scholar
  6. See W. Leontief, ‘Domestic Production and Foreign Trade : The American Capital Position Re-examined’, Proceedings of the American Philosophical Society, September 1953.Google Scholar
  7. 2.
    See T. W. Schultz, The Economic Organisation of Agriculture (New York, McGraw-Hill, 1953).Google Scholar
  8. 2.
    See J. Vanek, ‘The Natural Resource Content of Foreign Trade, 1870–1945, and the Relative Abundance of Natural Resources in the United States’, Review of Economics and Statistics, May 1959.Google Scholar
  9. 2.
    See M. Gilbert and I. B. Kravis, An International Comparison of National Products and the Purchasing Power of Currencies (OEEC, Paris, 1954).Google Scholar
  10. 2.
    The effect of limited resources on the pattern of British growth is analysed by J. M. Letiche, Balance of Payments and Economic Growth (New York, Harper Bros., 1959).Google Scholar
  11. The Japanese case is discussed in H. B. Chenery, S. Shishido, and T. Watanabe, ‘The Pattern of Japanese Growth, 1914–1954’, Stanford Project for Quantitative Research in Economic Development, August, 1959 (mimeog).Google Scholar
  12. 3.
    See G. P. Kindleberger, Economic Development (New York, McGraw-Hill, 1958), Chap. 2, on this point.Google Scholar
  13. Sources: Table 2 above and S. Kuznet’s, ‘Quantitative Aspects of the Economic Growth of Nations. II Industrial Distribution of National Product and Labour Force’, Economic Development and Cultural Change (Supplement), July 1957.Google Scholar

Copyright information

© International Economic Association 1964

Authors and Affiliations

  • Hollis B. Chenery
    • 1
  1. 1.Stanford UniversityUSA

Personalised recommendations