Volatile and spatially varied: The geographically differentiated economic outcomes of resource-based development in Peru, 2001–2015

The macroeconomic impacts of resource-based development are diverse across national space. However, the more export dependent and geographically peripheral the region, the more susceptible it is to boom-and-bust cycles. We typify resource-based economic development in Peru in the period 2001–2015, analyzing regional export specialization, growth volatility, and de-industrialization, three resource curse symptoms. With the commodity cycle: (i)...