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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: CERDI - Centre d'Études et de Recherches sur le Développement International - CNRS - Centre National de la Recherche Scientifique - UCA - Université Clermont Auvergne

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Abstract: This paper surveys the literature on the "Dutch disease" caused by natural resources revenues in developing countries. It describes the original model of Dutch disease and some important extensions proposed in the theoretical literature, focusing on the ones that meet the developing countries' conditions. It then reviews the main empirical studies that have been conducted since the 1980s, aiming to understand the methodological issues and to highlight the current gaps in the literature. There is evidence that the Dutch disease is still a topical issue for many developing countries, particularly in Africa. However, there remains large gaps in the theoretical and empirical literature in the understanding of the most adequate policy instruments to cope with, specifically in the least developed countries that are new producers of commodities.

Keywords: Dutch disease; Natural resources; Resource curse; Structural transformations; Real exchange rate (search for similar items in EconPapers)
Date: 2021-06
New Economics Papers: this item is included in nep-dev, nep-ene, nep-hpe and nep-opm
Note: View the original document on HAL open archive server: https://hal.uca.fr/hal-03256078
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Journal Article: 40 Years of Dutch Disease Literature: Lessons for Developing Countries (2022) Downloads
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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