Analysis of the â€˜Dutch Diseaseâ€™ Effect on the Selected Resourceâ€ Rich ASEAN Economies
Hiroyuki Taguchi and
Asia and the Pacific Policy Studies, 2018, vol. 5, issue 2, 249-263
This article examines the applicability of the Dutch Disease hypothesis by using a vector autoâ€ regression model, focusing on the resourceâ€ rich and middleâ€ income economies in the Association of Southeast Asian Nations. The empirical study found that the latecomers of Lao People's Democratic Republic and Myanmar seemed to suffer from the Dutch Disease over the sample period for 1970â€“2015; and the forerunners of Indonesia and Malaysia, on the other hand, appeared to have no Dutch Disease effect at least in the current period of 1997â€“2015, although Indonesia had experienced the Dutch Disease in the previous period of 1970â€“1996. The lessons from the forerunners' experiences in order for the latecomers to escape from the Dutch Disease are to establish some funding system of allocating resource revenues for investment projects; to diversify domestic industries through improving business environments; and to improve institutional quality to reinforce resource governance.
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:bla:asiaps:v:5:y:2018:i:2:p:249-263
Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=2050-2680
Access Statistics for this article
More articles in Asia and the Pacific Policy Studies from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().