Migrant labor supply in a booming non-renewable resource economy: cure and transmission mechanism for de-industrialization?

2016 Spring. ; Includes illustrations (some color), maps (some color). ; Includes bibliographical references. ; This paper challenges the determinism that booming resource economies suffer from de-industrialization, the “Dutch Disease”. For several decades, economists have attempted to explain how a sudden surge in mineral and energy extraction affects an economy’s output and employment from an aggregate and sectoral perspective. Economic theory shows that a “boom” in mineral and energy production is welfare enhancing to the economy experiencing it. However, the phenomenon also induces inter-s... Mehr ...