The Structural Manifestation of the 'Dutch Disease’: The Case of Oil Exporting Countries

@article{Ismail2010TheSM,
  title={The Structural Manifestation of the 'Dutch Disease’: The Case of Oil Exporting Countries},
  author={Kareem Ismail},
  journal={International Trade eJournal},
  year={2010}
}
  • Kareem Ismail
  • Published 1 April 2010
  • Economics
  • International Trade eJournal
This study derives structural implications of the Dutch disease in oil-exporting countries due to permanent oil price shocks from a typical model. We then test these implications in manufacturing sector data across a wide group of countries including oil-exporters covering 1977 to 2004. The results on oil-exporting countries are four folds. First, we find that permanent increases in oil price negatively impact output in manufacturing as consistent with the Dutch disease. Second, Evidence in the… 

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