40 Years of Dutch Disease Literature: Lessons for Developing Countries

Autor: Edouard Mien, Michaël Goujon
Přispěvatelé: Etudes & Documents - Publications, CERDI, Laboratoires d'excellence - Designing new international development policies from research outcomes. An enhanced - - IDGM+2010 - ANR-10-LABX-0014 - LABX - VALID, Centre d'Études et de Recherches sur le Développement International (CERDI), Centre National de la Recherche Scientifique (CNRS)-Université Clermont Auvergne (UCA), ANR-10-LABX-0014,IDGM+,Designing new international development policies from research outcomes. An enhanced(2010), Université Clermont Auvergne [2017-2020] (UCA [2017-2020])-Centre National de la Recherche Scientifique (CNRS), Institut de Recherche pour le Développement (IRD)-Centre National de la Recherche Scientifique (CNRS)-Université Clermont Auvergne (UCA), Centre National de la Recherche Scientifique (CNRS)-Université Clermont Auvergne [2017-2020] (UCA [2017-2020])
Jazyk: angličtina
Rok vydání: 2021
Předmět:
Economics and Econometrics
050204 development studies
Developing country
Real exchange rate
Article
Structural transformations
Empirical research
Resource curse
[SHS.ENVIR] Humanities and Social Sciences/Environmental studies
0502 economics and business
Development economics
[SHS.STAT] Humanities and Social Sciences/Methods and statistics
Economics
Revenue
050207 economics
[SHS.ECO] Humanities and Social Sciences/Economics and Finance
Least Developed Countries
Real exchange rate. JEL Codes: O13 • O14 • Q32 • Q33
Dutch disease
[SHS.STAT]Humanities and Social Sciences/Methods and statistics
Q32
[QFIN]Quantitative Finance [q-fin]
05 social sciences
1. No poverty
O13
Q33
JEL: O - Economic Development
Innovation
Technological Change
and Growth/O.O1 - Economic Development/O.O1.O13 - Agriculture • Natural Resources • Energy • Environment • Other Primary Products
[SHS.ECO]Humanities and Social Sciences/Economics and Finance
Natural resource
O14
JEL: Q - Agricultural and Natural Resource Economics • Environmental and Ecological Economics/Q.Q2 - Renewable Resources and Conservation/Q.Q2.Q23 - Forestry
[SHS.ENVIR]Humanities and Social Sciences/Environmental studies
JEL: O - Economic Development
Innovation
Technological Change
and Growth/O.O1 - Economic Development/O.O1.O14 - Industrialization • Manufacturing and Service Industries • Choice of Technology
Literature study
Natural resources
JEL: O - Economic Development
Innovation
Technological Change
and Growth/O.O2 - Development Planning and Policy/O.O2.O23 - Fiscal and Monetary Policy in Development
Zdroj: Comparative Economic Studies
Comparative Economic Studies, Palgrave Macmillan, 2021, ⟨10.1057/s41294-021-00177-w⟩
Comparative Economic Studies, 2021, ⟨10.1057/s41294-021-00177-w⟩
ISSN: 0888-7233
1478-3320
DOI: 10.1057/s41294-021-00177-w⟩
Popis: This paper surveys the literature on the “Dutch disease” caused by natural resources revenues in developing countries. It describes the original model of Dutch disease and some important extensions proposed in the theoretical literature, focusing on the ones that meet the developing countries’ conditions. It then reviews the main empirical studies that have been conducted since the 1980s, aiming to understand the methodological issues and to highlight the current gaps in the literature. There is evidence that the Dutch disease is still a topical issue for many developing countries, particularly in Africa. However, there remains large gaps in the theoretical and empirical literature in the understanding of the most adequate policy instruments to cope with, specifically in the least developed countries that are new producers of commodities.
Databáze: OpenAIRE
Externí odkaz: