Services, Inequality, and the Dutch Disease

Battaile, Bill ; Chisik, Richard ; Onder, Harun

World Bank Group, Washington, DC

关键词: AGGREGATE CONSUMPTION;    AGGREGATE DEMAND;    AGGREGATE DEMANDS;    AGRICULTURE;    AUTOMOBILES;   

DOI  :  10.1596/1813-9450-6966
RP-ID  :  WPS6966

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

This paper shows how Dutch diseaseeffects may arise solely from a shift in demand following anatural resource discovery. The natural resource wealthincreases the demand for non-tradable luxury services due tonon-homothetic preferences. Labor that could be used todevelop other non-resource tradable sectors is pulled intothese service sectors. As a result, manufactures and othertradable goods are more likely to be imported, and learningand productivity improvements accrue to the foreignexporters. However, once the natural resources diminish,there is less income to purchase the services andnon-resource tradable goods. Thus, the temporary gain inpurchasing power translates into long-term stagnation. Asopposed to conventional models where income distribution hasno effect on economic outcomes, an unequal distribution ofthe rents from resource wealth further intensifies the Dutchdisease dynamics within this framework.