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40 Years of Dutch Disease Literature: Lessons for Developing Countries

Michael Goujon () and Edouard Mien ()
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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 "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. JEL Codes: O13 • O14 • Q32 • Q33 (search for similar items in EconPapers)
Date: 2021-11-23
New Economics Papers: this item is included in nep-dev, nep-ene, nep-hea and nep-opm
Note: View the original document on HAL open archive server: https://hal.archives-ouvertes.fr/hal-03456562
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Published in Comparative Economic Studies, Palgrave Macmillan, 2021, ⟨10.1057/s41294-021-00177-w⟩

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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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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03456562

DOI: 10.1057/s41294-021-00177-w

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