Essays on the natural resource curse ; Essais sur la malédiction des ressources naturelles
The thesis includes three essays in the content of the natural resource curse. The first essay revisits the Dutch disease hypothesis in terms of theory and empirical analysis. This shows that a resource boom appreciates the real exchange rate. That, in turn, decelerates the rate of growth in both sectors such that the shrinkage is larger in the traded than non-traded sector and so economic growth becomes slower. These effects are stronger in resource-rich than resource-poor countries. The second essay clarifies how income inequality-growth nexus modifies the Dutch disease hypothesis. A two-sec... Mehr ...
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Dokumenttyp: | doctoralThesis |
Erscheinungsdatum: | 2021 |
Verlag/Hrsg.: |
HAL CCSD
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Schlagwörter: | Natural resource / The Dutch Disease / Income inequality / Absorption capacity / Ressource naturelle / La maladie hollandaise / L'inégalité des revenus / Capacité d'absorption / [SHS.ECO]Humanities and Social Sciences/Economics and Finance |
Sprache: | Englisch |
Permalink: | https://search.fid-benelux.de/Record/base-26631237 |
Datenquelle: | BASE; Originalkatalog |
Powered By: | BASE |
Link(s) : | https://theses.hal.science/tel-03374725 |
The thesis includes three essays in the content of the natural resource curse. The first essay revisits the Dutch disease hypothesis in terms of theory and empirical analysis. This shows that a resource boom appreciates the real exchange rate. That, in turn, decelerates the rate of growth in both sectors such that the shrinkage is larger in the traded than non-traded sector and so economic growth becomes slower. These effects are stronger in resource-rich than resource-poor countries. The second essay clarifies how income inequality-growth nexus modifies the Dutch disease hypothesis. A two-sector growth model including two groups of workers with different consumption baskets demonstrates that a natural resource boom conditionally reduces income inequality which, in turn, exacerbates the intensity of the Dutch disease. The theory’s predictions are supported empirically using a panel data approach. The third essay investigates the impact of the absorption capacity on the intensity of the natural resource curse. Using two constructed indexes to proxy the absorption capacity, the empirical findings show that the natural resource curse is more intensive in countries with more absorption capacity constraints. The empirical finding is also analyzed through a simple two-sector framework. ; La thèse comprend trois essais dans le contexte de la malédiction des ressources naturelles. Le premier essai revisite l’hypothèse de la maladie hollandaise en termes de théorie et d'analyse empirique. Cela montre qu'un boom des ressources apprécie le taux de change réel. Cela, à son tour, ralentit le taux de croissance dans les deux secteurs, de sorte que la contraction est plus importante dans le secteur commercialisé que dans le secteur non négocié et que la croissance économique devient donc plus lente. Ces effets sont plus forts dans les pays riches en ressources que dans les pays pauvres en ressources. Le deuxième essai clarifie la manière dont le lien entre inégalités de revenu et croissance modifie l'hypothèse du syndrome ...