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 ...