International Trade, Commodities and Dutch Disease: Comparative Study of Static Effects in Chile and Norway ; Comercio internacional, materias primas y enfermedad holandesa: estudio comparativo de Noruega y Chile

In recent years, significant growth in prices of raw materials has generated renewed interest in the relationship between export earnings from raw materials and their effects on economic growth. While traditionally this relationship has been considered positive, the sudden increase in external resources has also been analyzed for their potential negative effects on competitiveness and industrialization of economies. This phenomenon is known as “Dutch disease”. Triggered if an increase in export earnings of a natural resource produces an appreciation of the exchange rate, which, in turn, result... Mehr ...