The Dutch Disease or Problems of a Sectoral Boom
A resource boom in a small open industrialized country is analyzed in a simple Keynesian framework, allowing for domestic use of the resource as intermediate input. It is shown that an output boom (increased resource production) is outright beneficial: demand expands through the familiar multiplier process, stimulating production and employment in all sectors. A price boom, however, has negative cost-push effects affecting relative prices. The outcome depends crucially upon sectoral resource intensities and the size of initial resource exports. Conditions are analyzed, under which exchange rat... Mehr ...
Verfasser: | |
---|---|
Dokumenttyp: | Text |
Erscheinungsdatum: | 1984 |
Verlag/Hrsg.: |
Berlin: Duncker & Humblot
|
Schlagwörter: | K |
Sprache: | unknown |
Permalink: | https://search.fid-benelux.de/Record/base-26631221 |
Datenquelle: | BASE; Originalkatalog |
Powered By: | BASE |
Link(s) : | https://doi.org/10.3790/schm.104.1.1 |