Oil stock discovery and Dutch Disease

Arbeitspapier

We set out a model of a two-good, small open economy exporting a traditional exportable in order to finance capital goods rental payments. We observe that the traditional export sector declines with an exogenous increase in the country's oil export earnings, while the local goods sector expands. For input price effects to emerge, land is needed as a third input. For the large land case, we can have imports of capital steadily decline as oil earnings expand. Earnings from oil sales are stationary under our annuitization construction.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Queen's Economics Department Working Paper ; No. 1220

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Economic Growth of Open Economies ; Exhaustible Resources and Economic Development ; Resource Booms
• Thema: dutch disease ; resource discovery ; invariant earnings ; Kleines-offenes-Land ; Exportindustrie ; Erdölvorkommen ; Erdölförderung ; Einkommen ; Dutch Disease

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Hartwick, John ; Hamilton, Kirk
• Ereignis: Veröffentlichung
• (wer): Queen's University, Department of Economics
• (wo): Kingston (Ontario)
• (wann): 2009

Weitere Informationen

• Handle: http://hdl.handle.net/10419/67783
• Letzte Aktualisierung: 10.03.2025, 11:44 MEZ