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- W1977814456 abstract "The growth path of an exhaustible resource exporting economy is examined. Previous work has shown that the size of the non-resource sector of such an economy may shrink to zero over time. This paper shows that this result hinges on the exclusion of the non-traded sector of the economy. With both traded and non-traded sectors included, the domestic interest rate may fluctuate more widely than the world interest rate, despite the results of previous work. Finally, the paper questions a ‘Dutch disease’ literature result: even when the industrial sector is more resource intensive than the service sector, it is possible for a faster growing resource price to have a ‘pro-industrialization’ effect." @default.
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- W1977814456 date "1985-05-01" @default.
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- W1977814456 title "Growth rates with an exhaustible resource and home goods" @default.
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- W1977814456 doi "https://doi.org/10.1016/0022-1996(85)90056-x" @default.
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