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} }
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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