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40 Years of Dutch Disease Literature: Lessons for Developing Countries

Edouard Mien () and Michael Goujon ()
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Edouard Mien: Université Clermont Auvergne, CNRS, CERDI

Comparative Economic Studies, 2022, vol. 64, issue 3, No 1, 383 pages

Abstract: Abstract This paper surveys the "Dutch disease" literature in developing and emerging countries. It describes the original model of Dutch disease and some main extensions proposed in the theoretical literature, focusing on the ones that match developing countries' conditions. It then reviews various empirical studies that have been conducted and provides evidence that the Dutch disease is still an issue for many developing countries. Finally, it discusses the gaps in the theoretical and empirical literature for understanding the suitable policy instruments to cope with Dutch disease.

Keywords: Dutch disease; Natural resources; Resource curse; Structural transformations; Real exchange rate (search for similar items in EconPapers)
JEL-codes: O13 O14 Q32 Q33 (search for similar items in EconPapers)
Date: 2022
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Working Paper: 40 Years of Dutch Disease Literature: Lessons for Developing Countries (2021) Downloads
Working Paper: 40 Years of Dutch Disease Literature: Lessons for Developing Countries (2021) Downloads
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DOI: 10.1057/s41294-021-00177-w

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