How does a state's natural resource wealth influence its economic development? For the
past fifty years, versions of this question have been explored by both economists and …

This paper surveys the" Dutch disease" literature in developing and emerging countries. It
describes the original model of Dutch disease and some main extensions proposed in the …

Computable general equilibrium (CGE) models play an important role in supporting public-
policy making on such issues as trade, climate change and taxation. This significantly …

The book is organized into twelve chapters cover-ing consumer demand, production and
supply, risk responses, household behavior, transaction costs, price distortions, exchange …

This article examines contrasting claims made by scholars of oil and politics that oil wealth
either tends (1) to undermine regime durability or (2) to enhance it. Using cross‐sectional …

Recent literature proposes that a booming minerals sector may not only lead to Dutch
disease effects, it may also be a development curse. Mineral economy case studies have …

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 …

This paper describes how to specify, solve, and draw policy lessons from small, two-sector,
general equilibrium models of developing countries. In the last two decades, changes in the …

In low-income countries, the use of tax revenues to fund tourism promotions is motivated in
part by the belief that tourism growth will improve income distribution by expanding demand …

This paper integrates the existing Dutch Disease models of an oil boom into a reduced-form
three-sector model and estimates it for five developing oil-exporting countries having …