Dutch Disease Investigated: Empirical Evidence from Selected South-East Asian Economies
Shahid Javaid
No 31, SBP Working Paper Series from State Bank of Pakistan, Research Department
Abstract:
The objective of this paper is to investigate Dutch Disease hypothesis by analyzing foreign inflows power to appreciate real exchange rate as well as calculate the degree of contraction in the tradable sector among selected South East Asian countries over 1981-2007. Using static and dynamic panel data techniques, the study first estimates real exchange rate appreciation due to surge in foreign inflows and then estimates contraction in the tradable and expansion in the non-tradable sector. On the basis of empirical estimation the study confirms the Dutch Disease hypothesis in the countries of analysis.
Keywords: Foreign inflows; real exchange rate; dynamic panel data; dutch disease (search for similar items in EconPapers)
JEL-codes: C23 E50 F33 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2009-07
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Citations: View citations in EconPapers (8)
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