Blessing or curse: Impacts of the Brazilian Pre-Salt oil exploration

Artikel

The discoveries of oil and gas in the so-called “Pre-Salt layer” have triggered a lot of discussions about their economic effect. In this paper we discuss in detail a less discussed dimension: the impact of Pre-Salt layer in the structure of the Brazilian economy, especially the composition of the industry and exports. Similar consequences in the country of “Dutch disease” and “deindustrialization” due to revenues from oil exports are evaluated. The methodology used is a dynamic global general equilibrium model, with specific features for the treatment of the issues raised.

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• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: EconomiA ; ISSN: 1517-7580 ; Volume: 15 ; Year: 2014 ; Issue: 3 ; Pages: 343-362 ; Amsterdam: Elsevier

Classification and Topics

• Classification: Wirtschaft ; Exhaustible Resources and Economic Development ; Natural Resources and Domestic and International Conflicts ; Computable General Equilibrium Models
• Subject: Pre-Salt ; Dutch disease ; Industry ; Computable general equilibrium model

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Magalhães, Aline Souza ; Domingues, Edson Paulo
• Event: Veröffentlichung
• (who): Elsevier
• (where): Amsterdam
• (when): 2014

Further information

• DOI: doi:10.1016/j.econ.2014.11.002
• Handle: http://hdl.handle.net/10419/179581