| Autor: |
Zsuzsanna Biedermann, Tamás Barczikay, László Szalai |
| Jazyk: |
angličtina |
| Rok vydání: |
2023 |
| Předmět: |
|
| Zdroj: |
Engineering Proceedings, Vol 39, Iss 1, p 40 (2023) |
| Druh dokumentu: |
article |
| ISSN: |
2673-4591 |
| DOI: |
10.3390/engproc2023039040 |
| Popis: |
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. |
| Databáze: |
Directory of Open Access Journals |
| Externí odkaz: |
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