Resource Mobilization Climates in the World

We develop an empirical model allowing for the identification of four different resource mobilization climates describing the period between 1986 and 2002. Those climates are based on different constellations of gross capital formation and domestic savings rates: super investor (high savings, high investment), resource exporter (high savings, low investment), resource importer (low savings, high investment), and vicious cycle (low savings, low investment). Using multinominal logistic regression, we explore the explanatory impact of indicators related to socioeconomic fundamentals, structural characteristic of the economy, governance, macroeconomic management, and trade competitiveness. We think that our study is relevant to both the business economics and public policy oriented literature because it provides an analytical tool kit to identify resource mobilization-friendly environments. We also feel that our approach may be usefully advanced to identify successful resource mobilization strategies.