Resource Booms and the Energy Transition: What Can We Learn from Dutch Economists' Response to the Discovery of Natural Gas Reserves (1959–1977)?

International audience ; Geopolitical instability and climate change are about to bring about large-scale energy reconfigurations. Recent discoveries of fossil fuel potential echo important historical episodes, starting with the finding of natural gas reserves in the Netherlands in 1959, which gave birth to the notion of Dutch Disease, in reference to the macroeconomic structural readjustments that followed the resource boom. Recently, the economic literature on whether such a boom might be a blessing or a curse for a country has been growing. What has not received attention so far is the atti... Mehr ...