An empirical assessment of the Dutch disease channel of the resource curse: the case of Chad

Akassi Kablan and Josef Loening

Economics Bulletin, 2012, vol. 32, issue 3, 2007-2014

Abstract: We examine the effects of the ‘natural resource curse' on Chad and find little evidence for Dutch disease. Structural vector auto-regression suggests that changes in domestic output and prices are overwhelmingly determined by aggregate demand and supply shocks, and while oil production and high international prices negatively affect agricultural output, the effects are small. Consistent with empirical evidence for neighbouring Cameroon, we observe minimal impact on Chad's manufacturing sector. In this context, increased public expenditures in tradable sectors present the opportunity to make oil revenues an engine of national development.

Keywords: Key words: Natural resource curse; Dutch disease; Chad; Structural VAR. (search for similar items in EconPapers)
JEL-codes: E6 O1 (search for similar items in EconPapers)
Date: 2012-07-19
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Citations: View citations in EconPapers (4)

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