| Autor: |
Biedermann, Zsuzsanna, Barczikay, Tamás, Szalai, László |
| Předmět: |
|
| Zdroj: |
Engineering Proceedings; 2023, Vol. 39, p40, 5p |
| Abstrakt: |
Despite being the second largest oil exporter in Africa, Angola continues to lag behind in most macroeconomic and institutional indicators. At least partially, this is a consequence of the Dutch disease, a phenomenon that establishes a clear link between high resource endowments and lack of economic diversity through the loss of international competitiveness in non-resource sectors. In this paper, we use a nonlinear autoregressive distributed lag (NARDL) model to identify the cointegrated relationship between international oil prices and the real effective exchange rate of the kwanza, which is a striking sign of the presence of the Dutch disease. [ABSTRACT FROM AUTHOR] |
| Databáze: |
Complementary Index |
| Externí odkaz: |
|
