Van der Ploeg and Poelhekke (2009) find that specialization in sectors producing and processing raw materials results in more volatile economic growth since commodity products are often subject to volatile global market prices. Nonetheless, resource abundance can be used as a springboard for diversification, moving to related production sectors (Ferreira and Harrison, 2014, Hesse, 2008, Herzer and Nowak-Lehnmann, 2006). Klinger and Lederman (2006) and Cadot et al. (