The Danger of a “Geyser Disease” Effect: Structural Fragility of the Tourism-Led Recovery in Iceland
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Eric Hanushek & Ludger Woessmann, 2012.
"Do better schools lead to more growth? Cognitive skills, economic outcomes, and causation,"
Journal of Economic Growth, Springer, vol. 17(4), pages 267-321, December.
- Eric Hanushek & Ludger Woessmann, "undated". "Do Better Schools Lead to More Growth? Cognitive Skills, Economic Outcomes, and Causation," Discussion Papers 08-015, Stanford Institute for Economic Policy Research.
- Eric A. Hanushek & Ludger Woessmann, 2009. "Do Better Schools Lead to More Growth? Cognitive Skills, Economic Outcomes, and Causation," NBER Working Papers 14633, National Bureau of Economic Research, Inc.
- Hanushek, Eric A. & Wößmann, Ludger, 2012. "Do better schools lead to more growth? Cognitive skills, economic outcomes, and causation," Munich Reprints in Economics 20400, University of Munich, Department of Economics.
- Hanushek, Eric A. & Woessmann, Ludger, 2009. "Do Better Schools Lead to More Growth? Cognitive Skills, Economic Outcomes, and Causation," IZA Discussion Papers 4575, Institute of Labor Economics (IZA).
- Eric A. Hanushek & Ludger Woessmann, 2009. "Do Better Schools Lead to More Growth? Cognitive Skills, Economic Outcomes, and Causation," CESifo Working Paper Series 2524, CESifo.
- Ágeir Daníelsson & Lúdvík Elíasson & Magnús F. Gudmundsson & Björn A. Hauksson & Ragnhildur Jónsdóttir & Thorvardur Tjörvi Ólafsson & Thórarinn G. Pétursson, 2006.
"QMM A Quarterly Macroeconomic Model of the Icelandic Economy,"
Economics
wp32, Department of Economics, Central bank of Iceland.
- Ásgeir Daníelsson & Bjarni G. Einarsson & Magnús F. Guðmundsson & Svava J. Haraldsdóttir & Thórarinn G. Pétursson & Signý Sigmundardóttir & Jósef Sigurðarson & Rósa Sveinsdóttir, 2015. "QMM - A Quarterly Macroeconomic Model of the Icelandic Economy," Economics wp71, Department of Economics, Central bank of Iceland.
- Ásgeir Daníelsson & Magnús F. Gudmundsson & Svava J. Haraldsdóttir & Thorvardur T. Ólafsson & Ásgerdur Ó. Pétursdóttir & Thórarinn G. Pétursson & Rósa Sveinsdóttir, 2009. "QMM. A Quarterly Macroeconomic Model of the Icelandic Economy," Economics wp41, Department of Economics, Central bank of Iceland.
- Javier Capó Parrilla & Antoni Riera Font & Jaume Rosselló Nadal, 2005. "Dutch Disease in Tourism Economies. Evidence from Spain," CRE Working Papers (Documents de treball del CRE) 2005/01, Centre de Recerca Econòmica (UIB ·"Sa Nostra"), revised Jan 2005.
- Gylfason, Thorvaldur, 2001.
"Natural resources, education, and economic development,"
European Economic Review, Elsevier, vol. 45(4-6), pages 847-859, May.
- Gylfason, Thorvaldur, 2000. "Natural Resources, Education, and Economic Development," CEPR Discussion Papers 2594, C.E.P.R. Discussion Papers.
- DIMITRIOU, Georgia & METAXAS, Theodore, 2017. "The Collapse Of Icelandic Banks: Was It Really A Surprise?," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 17(1), pages 57-70.
- Antonio Ciccone & Elias Papaioannou, 2009.
"Human Capital, the Structure of Production, and Growth,"
The Review of Economics and Statistics, MIT Press, vol. 91(1), pages 66-82, February.
- Ciccone, Antonio & Papaioannou, Elias, 2005. "Human Capital, the Structure of Production, and Growth," CEPR Discussion Papers 5354, C.E.P.R. Discussion Papers.
- Papaioannou, Elias & Ciccone, Antonio, 2006. "Human capital, the structure of production, and growth," Working Paper Series 623, European Central Bank.
- Antonio Ciccone & Elias Papaioannou, 2005. "Human Capital, the Structure of Production, and Growth," Working Papers 245, Barcelona School of Economics.
- Antonio Ciccone & Elias Papaioannou, 2005. "Human capital, the structure of production and growth," Economics Working Papers 902, Department of Economics and Business, Universitat Pompeu Fabra.
- Anonymous, 1952. "International Monetary Fund," International Organization, Cambridge University Press, vol. 6(3), pages 446-447, August.
- A. W. Phillips, 1958. "The Relation Between Unemployment and the Rate of Change of Money Wage Rates in the United Kingdom, 1861–1957," Economica, London School of Economics and Political Science, vol. 25(100), pages 283-299, November.
- Anonymous, 1952. "International Monetary Fund," International Organization, Cambridge University Press, vol. 6(4), pages 644-646, November.
- Anonymous, 1952. "International Monetary Fund," International Organization, Cambridge University Press, vol. 6(1), pages 121-125, February.
- David H. Autor & Frank Levy & Richard J. Murnane, 2003.
"The skill content of recent technological change: an empirical exploration,"
Proceedings, Federal Reserve Bank of San Francisco, issue Nov.
- David H. Autor & Frank Levy & Richard J. Murnane, 2003. "The Skill Content of Recent Technological Change: An Empirical Exploration," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 118(4), pages 1279-1333.
- David H. Autor & Frank Levy & Richard J. Murnane, 2001. "The Skill Content of Recent Technological Change: An Empirical Exploration," NBER Working Papers 8337, National Bureau of Economic Research, Inc.
- Engelbert Stockhammer, 2008.
"Is The Nairu Theory A Monetarist, New Keynesian, Post Keynesian Or A Marxist Theory?,"
Metroeconomica, Wiley Blackwell, vol. 59(3), pages 479-510, July.
- Stockhammer, Engelbert, 2006. "Is the NAIRU theory a Monetarist, New Keynesian, Post Keynesian or a Marxist theory?," Department of Economics Working Paper Series 96, WU Vienna University of Economics and Business.
- Engelbert Stockhammer, 2006. "Is the NAIRU theory a Monetarist, New Keynesian, Post Keynesian or a Marxist theory?," Department of Economics Working Papers wuwp096, Vienna University of Economics and Business, Department of Economics.
- Caporaso,James A. & Levine,David P., 1992. "Theories of Political Economy," Cambridge Books, Cambridge University Press, number 9780521425780, October.
- Marx, Karl, 1867. "Capital: A Critique of Political Economy (I): The Process of Capitalist Production," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, volume 1, number marx1867.
- Rui Mano & Marola Castillo, 2015. "The Level of Productivity in Traded and Non-Traded Sectors for a Large Panel of Countries," IMF Working Papers 2015/048, International Monetary Fund.
- Bjarni G. Einarsson & Jósef Sigurdsson, 2013. "How "Natural" is the Natural Rate? Unemployment Hysteresis in Iceland," Economics wp64, Department of Economics, Central bank of Iceland.
- Douglas Sutherland & Jane Stacey, 2017. "Sustaining nature-based tourism in Iceland," OECD Economics Department Working Papers 1422, OECD Publishing.
- Wood, Adrian, 1995. "North-South Trade, Employment and Inequality: Changing Fortunes in a Skill-Driven World," OUP Catalogue, Oxford University Press, number 9780198290155.
- Silla Sigurgeirsd�ttir & Robert H. Wade, 2015. "From control by capital to control of capital: Iceland's boom and bust, and the IMF's unorthodox rescue package," Review of International Political Economy, Taylor & Francis Journals, vol. 22(1), pages 103-133, February.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Francesco Macheda & Roberto Nadalini, 2020. "The Danger of a “Geyser Disease†Effect: Structural Fragility of the Tourism-Led Recovery in Iceland," Review of Radical Political Economics, Union for Radical Political Economics, vol. 52(1), pages 50-76, March.
- Bahmani-Oskooee, Mohsen & Hajilee, Massomeh, 2013. "Exchange rate volatility and its impact on domestic investment," Research in Economics, Elsevier, vol. 67(1), pages 1-12.
- José Manuel Belbute & Leonardo Dia Massala & Júlio António Delgado, 2015. "Assessing core inflation indicators: evidence for Angola," CEFAGE-UE Working Papers 2015_01, University of Evora, CEFAGE-UE (Portugal).
- GREKOU Gahié Lopez, 2021. "Hypothesis of Twin Deficits in Cote d’Ivoire: The Nonlinear Effect Analysis with a Smooth Transition Autoregression Model (STAR)," Applied Economics and Finance, Redfame publishing, vol. 8(1), pages 59-73, January.
- Nabeela KOUSAR* & Muhammad Rizwan YASEEN** & Imran QAISER***, 2017. "THE S-CURVES DYNAMICS OF TRADE: The Case Study of Pakistan," Pakistan Journal of Applied Economics, Applied Economics Research Centre, vol. 27(1), pages 121-138.
- Akpansung, Aniekan O., 2021. "Impact of Real Effective Exchange Rates on Balance of Payments: Empirical Evidence from Nigeria," African Journal of Economic Review, African Journal of Economic Review, vol. 9(4), September.
- Atoi Ngozi Victor, 2020.
"Macroeconometric Assessment of Monetary Approach to Balance of Payments in a Small Open Economy: The Nigeria Experience,"
International Journal of Economics and Financial Research, Academic Research Publishing Group, vol. 6(3), pages 41-50, 03-2020.
- Atoi, Ngozi V, 2020. "Macroeconometric Assessment of Monetary Approach to Balance of Payments in a Small Open Economy: The Nigeria Experience," MPRA Paper 99708, University Library of Munich, Germany.
- Bernard Njindan Iyke & Sin-Yu Ho, 2017.
"Exchange rate uncertainty and domestic investment in Ghana,"
Cogent Economics & Finance, Taylor & Francis Journals, vol. 5(1), pages 1362157-136, January.
- Njindan Iyke, Bernard & Ho, Sin-Yu, 2017. "Exchange Rate Uncertainty and Domestic Investment in Ghana," MPRA Paper 80474, University Library of Munich, Germany.
- Bernard Njindan Iyke & Sin‐Yu Ho, 2020.
"Consumption and exchange rate uncertainty: Evidence from selected Asian countries,"
The World Economy, Wiley Blackwell, vol. 43(9), pages 2437-2462, September.
- Ho, Sin-Yu & Njindan Iyke, Bernard, 2017. "Consumption and Exchange Rate Uncertainty: Evidence from Selected Asian Countries," MPRA Paper 80096, University Library of Munich, Germany.
- Syed Abul Basher & Stefano Fachin, 2014.
"Investigating long-run demand for broad money in the Gulf Arab countries,"
Middle East Development Journal, Taylor & Francis Journals, vol. 6(2), pages 199-214, July.
- Syed Basher & Stefano Fachin, 2012. "Investigating Long-Run Demand for Broad Money in the Gulf Arab Countries," DSS Empirical Economics and Econometrics Working Papers Series 2012/6, Centre for Empirical Economics and Econometrics, Department of Statistics, "Sapienza" University of Rome.
- Grant M. Scobie & Paul R. Johnson, 1974. "Protection and Exchange Rate: An Analysis of the New Zealand Foreign Exchange Market," The Economic Record, The Economic Society of Australia, vol. 50(4), pages 534-554, December.
- Muhammad Shahid Hassan & Ayesha Wajid & Rukhsana Kalim, 2017. "Factors affecting trade deficit in Pakistan, India and Bangladesh," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 34(2), pages 283-304, August.
- Frenkel, Jacob A. & Mussa, Michael L., 1985.
"Asset markets, exchange rates and the balance of payments,"
Handbook of International Economics, in: R. W. Jones & P. B. Kenen (ed.), Handbook of International Economics, edition 1, volume 2, chapter 14, pages 679-747,
Elsevier.
- Jacob A. Frenkel & Michael L. Mussa, 1984. "Asset Markets, Exchange Rates and the Balance of Payments," NBER Working Papers 1287, National Bureau of Economic Research, Inc.
- Muhammad Shahbaz & Mohammad Mafizur Rahman, 2012. "Does Nominal Devaluation Improve Income Distribution? Evidence from Bangladesh," South Asian Survey, , vol. 19(1), pages 61-77, March.
- Mahmood, Haider & Alkhateeb, Tarek Tawfik Yousef & Ahmed, Nawaz, 2017. "Impact of devaluation on Saudi oil exports: The J-Curve analysis," MPRA Paper 109454, University Library of Munich, Germany.
- Hakeem Eltalla, 2013. "Devaluation and Output Growth in Palestine: Evidence from a CGE model," European Journal of Business and Economics, Central Bohemia University, vol. 8(4), pages 4221:8-4221, May.
- repec:bla:rdevec:v:14:y:2010:i:s1:p:547-562 is not listed on IDEAS
- Hernán Rincón, 1999. "Testing the Short-Long-Run Exchange Rate Effects on Trade Balance: The Case of Colombia," Borradores de Economia 120, Banco de la Republica de Colombia.
- Michael Bordo & Tamara Gomes & Lawrence Schembri, 2010.
"Canada and the IMF: Trailblazer or Prodigal Son?,"
Open Economies Review, Springer, vol. 21(2), pages 309-333, April.
- Michael Bordo & Tamara Gomes & Lawrence L. Schembri, 2009. "Canada and the IMF: Trailblazer or Prodigal Son?," Discussion Papers 09-1, Bank of Canada.
- Michael Connolly, 2016. "Ronald Mckinnon’S Contributions To Economics," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 61(02), pages 1-9, June.
- Gust, Sarah & Hanushek, Eric A. & Woessmann, Ludger, 2024.
"Global universal basic skills: Current deficits and implications for world development,"
Journal of Development Economics, Elsevier, vol. 166(C).
- Sarah Gust & Eric A. Hanushek & Ludger Woessmann, 2022. "Global Universal Basic Skills: Current Deficits and Implications for World Development," NBER Working Papers 30566, National Bureau of Economic Research, Inc.
- Gust, Sarah & Hanushek, Eric A. & Woessmann, Ludger, 2022. "Global Universal Basic Skills: Current Deficits and Implications for World Development," IZA Discussion Papers 15648, Institute of Labor Economics (IZA).
- Sarah Gust & Eric A. Hanushek & Ludger Woessmann, 2023. "Global Universal Basic Skills: Current Deficits and Implications for World Development," Rationality and Competition Discussion Paper Series 373, CRC TRR 190 Rationality and Competition.
- Sarah Gust & Eric A. Hanushek & Ludger Woessmann, 2022. "Global Universal Basic Skills: Current Deficits and Implications for World Development," CESifo Working Paper Series 10029, CESifo.
- Gust, Sarah & Hanushek, Eric A. & Woessmann, Ludger, 2022. "Global Universal Basic Skills : Current Deficits and Implications for World Development," CAGE Online Working Paper Series 643, Competitive Advantage in the Global Economy (CAGE).
More about this item
Keywords
Natural rate; Wage; Real exchange rate; Human Capital; Marxian;All these keywords.
JEL classification:
- E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
- F31 - International Economics - - International Finance - - - Foreign Exchange
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
- B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
NEP fields
This paper has been announced in the following NEP Reports:- NEP-HME-2019-01-21 (Heterodox Microeconomics)
- NEP-LMA-2019-01-21 (Labor Markets - Supply, Demand, and Wages)
- NEP-MAC-2019-01-21 (Macroeconomics)
- NEP-OPM-2019-01-21 (Open Economy Macroeconomics)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ast:wpaper:0038. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: http://host.uniroma3.it/associazioni/astril .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.