A Mixed Blessing: Natural Resources and Economic Growth
CEPR WP 1668
Posted: 10 Jan 1998
Date Written: 1997
Abstract
This paper diagnoses the symptoms of the Dutch disease in a two-sector stochastic endogenous growth model. A productive, low skill-intensive primary sector causes the currency to appreciate in real terms, thus hampering the development of a high skill-intensive secondary sector and thereby reducing growth.
JEL Classification: O41, Q32
Suggested Citation: Suggested Citation
Gylfason, Thorvaldur and Herbertsson, Tryggvi Thor and Zoega, Gylfi, A Mixed Blessing: Natural Resources and Economic Growth (1997). CEPR WP 1668, Available at SSRN: https://ssrn.com/abstract=49193
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