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- W2056134003 abstract "This paper integrates the existing Dutch Disease models of an oil boom into a reduced-form three-sector model and estimates it for five developing oil-exporting countries having significant agricultural and manufacturing sectors. Time-series annual data for the period 1966–1986 are used for Algeria, Ecuador, Indonesia, Nigeria and Venezuela. Their output composition is altered by an increase in their oil revenues, the spending effect, and in the world price of manufactured goods relative to agricultural products, the world-price effect. Both effects expand the manufacturing sectors of these countries and contract their agricultural sectors. The spending effect expands their nontraded sectors whereas the world-price effect may expand or contract them. The opposite results are implied for the oil collapse of the 1980s." @default.
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- W2056134003 date "1991-06-01" @default.
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- W2056134003 title "Dutch disease economics and oil syndrome: An empirical study" @default.
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- W2056134003 doi "https://doi.org/10.1016/0305-750x(91)90205-v" @default.
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