Oil stock discovery and Dutch disease
We set out a model of a small open economy exporting oil and a traditional exportable in return for produced capital. The small open economy also has local production of a non-traded good. We first observe that the size of the traditional export sector declines with an exogenous increase in the country's oil stock. Strong Dutch disease (SDD) involves a net diminution in produced capital in use in the small open economy after the oil discovery shock. SDD turns on the exportable sector being relatively capital intensive.
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Dokumenttyp: | doc-type:workingPaper |
Erscheinungsdatum: | 2008 |
Verlag/Hrsg.: |
Kingston (Ontario): Queen's University
Department of Economics |
Schlagwörter: | ddc:330 / F43 / Q32 / Q33 / dutch disease / resource discovery / invariant earnings / Kleines-offenes-Land / Exportindustrie / Erdölvorkommen / Erdölförderung / Einkommen |
Sprache: | Englisch |
Permalink: | https://search.fid-benelux.de/Record/base-27465814 |
Datenquelle: | BASE; Originalkatalog |
Powered By: | BASE |
Link(s) : | http://hdl.handle.net/10419/67813 |