Dutch Disease in Latin American countries: De-industrialization, how it happens, crisis, and the role of China
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Carmen M. Reinhart & Kenneth S. Rogoff, 2004.
"The Modern History of Exchange Rate Arrangements: A Reinterpretation,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 119(1), pages 1-48.
- Carmen M. Reinhart & Kenneth S. Rogoff, 2002. "The Modern History of Exchange Rate Arrangements: A Reinterpretation," NBER Working Papers 8963, National Bureau of Economic Research, Inc.
- Reinhart, Carmen & Rogoff, Kenneth, 2004. "The modern history of exchange rate arrangements: A reinterpretation," MPRA Paper 14070, University Library of Munich, Germany.
- Reinhart, Carmen M. & Rogoff, Kenneth S., 2004. "The Modern History of Exchange Rate Arrangements: A Reinterpretation," Scholarly Articles 34721963, Harvard University Department of Economics.
- Kareem Ismail, 2010. "The Structural Manifestation of the ‘Dutch Disease’: The Case of Oil Exporting Countries," IMF Working Papers 2010/103, International Monetary Fund.
- Marjan Petreski, 2010. "Exchange-rate regimes and output volatility: empirical investigation with panel data," International Journal of Monetary Economics and Finance, Inderscience Enterprises Ltd, vol. 3(1), pages 69-99.
- M. Hashem Pesaran, 2021.
"General diagnostic tests for cross-sectional dependence in panels,"
Empirical Economics, Springer, vol. 60(1), pages 13-50, January.
- Pesaran, M.H., 2004. "‘General Diagnostic Tests for Cross Section Dependence in Panels’," Cambridge Working Papers in Economics 0435, Faculty of Economics, University of Cambridge.
- Pesaran, M. Hashem, 2004. "General Diagnostic Tests for Cross Section Dependence in Panels," IZA Discussion Papers 1240, Institute of Labor Economics (IZA).
- M. Hashem Pesaran, 2004. "General Diagnostic Tests for Cross Section Dependence in Panels," CESifo Working Paper Series 1229, CESifo.
- Christian Saborowski, 2009. "Capital Inflows and the Real Exchange Rate: Can Financial Development Cure the Dutch Disease?," IMF Working Papers 2009/020, International Monetary Fund.
- Simon Johnson & Jonathan D Ostry & Arvind Subramanian, 2010.
"Prospects for Sustained Growth in Africa: Benchmarking the Constraints,"
IMF Staff Papers, Palgrave Macmillan, vol. 57(1), pages 119-171, April.
- Simon Johnson & Jonathan D. Ostry & Arvind Subramanian, 2007. "The Prospects for Sustained Growth in Africa: Benchmarking the Constraints," NBER Working Papers 13120, National Bureau of Economic Research, Inc.
- Mr. Arvind Subramanian & Mr. Jonathan David Ostry & Mr. Simon Johnson, 2007. "The Prospects for Sustained Growth in Africa: Benchmarking the Constraints," IMF Working Papers 2007/052, International Monetary Fund.
- Rajan, Raghuram G. & Subramanian, Arvind, 2011.
"Aid, Dutch disease, and manufacturing growth,"
Journal of Development Economics, Elsevier, vol. 94(1), pages 106-118, January.
- Raghuram G. Rajan & Arvind Subramanian, 2009. "Aid, Dutch Disease, and Manufacturing Growth," Working Papers 196, Center for Global Development.
- Raghuram G. Rajan & Arvind Subramanian, 2014. "Aid, Dutch Disease, and Manufacturing Growth," Working Papers id:6192, eSocialSciences.
- Frankel, Jeffrey, 2004.
"On the Renminbi: The Choice between Adjustment under a Fixed Exchange Rate and Adustment under a Flexible Rate,"
Working Paper Series
rwp04-037, Harvard University, John F. Kennedy School of Government.
- Jeffrey Frankel, 2005. "On the Renminbi: The Choice between Adjustment under a Fixed Exchange Rate and Adjustment under a Flexible Rate," NBER Working Papers 11274, National Bureau of Economic Research, Inc.
- Daniel Hoechle, 2007. "Robust standard errors for panel regressions with cross-sectional dependence," Stata Journal, StataCorp LP, vol. 7(3), pages 281-312, September.
- Raghuram G. Rajan & Arvind Subramanian, 2008.
"Aid and Growth: What Does the Cross-Country Evidence Really Show?,"
The Review of Economics and Statistics, MIT Press, vol. 90(4), pages 643-665, November.
- Raghuram Rajan & Mr. Arvind Subramanian, 2005. "Aid and Growth: What Does the Cross-Country Evidence Really Show?," IMF Working Papers 2005/127, International Monetary Fund.
- Raghuram G. Rajan & Arvind Subramanian, 2005. "Aid and Growth: What Does the Cross-Country Evidence Really Show?," NBER Working Papers 11513, National Bureau of Economic Research, Inc.
- Raghuram G. Rajan, 2005. "Aid and Growth: What Does The Cross-Country Evidence Really Show?," Working Papers id:54, eSocialSciences.
- Emmanuel K. K. Lartey & Federico S. Mandelman & Pablo A. Acosta, 2012.
"Remittances, Exchange Rate Regimes and the Dutch Disease: A Panel Data Analysis,"
Review of International Economics, Wiley Blackwell, vol. 20(2), pages 377-395, May.
- Pablo A. Acosta & Emmanuel K. K. Lartey & Federico S. Mandelman, 2008. "Remittances, exchange rate regimes, and the Dutch disease: a panel data analysis," FRB Atlanta Working Paper 2008-12, Federal Reserve Bank of Atlanta.
- Corden, W M, 1984. "Booming Sector and Dutch Disease Economics: Survey and Consolidation," Oxford Economic Papers, Oxford University Press, vol. 36(3), pages 359-380, November.
- M. Hashem Pesaran & Badi H. Baltagi, 2007. "Heterogeneity and cross section dependence in panel data models: theory and applications introduction," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 22(2), pages 229-232.
- Krugman, Paul, 1987. "The narrow moving band, the Dutch disease, and the competitive consequences of Mrs. Thatcher : Notes on trade in the presence of dynamic scale economies," Journal of Development Economics, Elsevier, vol. 27(1-2), pages 41-55, October.
- Paulo Vaz & Werner Baer, 2014. "Real exchange rate and manufacturing growth in Latin America," Latin American Economic Review, Springer;Centro de Investigaciòn y Docencia Económica (CIDE), vol. 23(1), pages 1-17, December.
- Jeffrey Frankel, 2005. "On the renminbi," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 6(03), pages 16-21, October.
- Sebastian Edwards & Liaquat Ahamed, 1986. "Economic Adjustment and Exchange Rates in Developing Countries," NBER Books, National Bureau of Economic Research, Inc, number edwa86-1.
- Mesquita Moreira, Mauricio, 2007.
"Fear of China: Is There a Future for Manufacturing in Latin America?,"
World Development, Elsevier, vol. 35(3), pages 355-376, March.
- Mauricio Mesquita Moreira, 2004. "Fear of China: Is there a future for manufacturing in Latin America?," Development and Comp Systems 0412008, University Library of Munich, Germany.
- Mauricio Mesquita Moreira, 2006. "Fear of China : is there a future for manufacturing in Latin America ?," INTAL Working Papers 1278, Inter-American Development Bank, INTAL.
- Mesquita Moreira, Mauricio, 2004. "Fear of China: Is There a Future for Manufacturing in Latin America?," IDB Publications (Working Papers) 3434, Inter-American Development Bank.
- Corden, W M, 1981. "The Exchange Rate, Monetary Policy and North Sea Oil: The Economic Theory of the Squeeze on Tradeables," Oxford Economic Papers, Oxford University Press, vol. 33(0), pages 23-46, Supplemen.
- Cuddington, John, 1989. "Commodity Export Booms in Developing Countries," The World Bank Research Observer, World Bank, vol. 4(2), pages 143-165, July.
- Jorge Blázquez-Lidoy & Javier Rodríguez & Javier Santiso, 2006. "Angel or Devil? China's Trade Impact on Latin American Emerging Markets," OECD Development Centre Working Papers 252, OECD Publishing.
- Jenkins, Rhys & Peters, Enrique Dussel & Moreira, Mauricio Mesquita, 2008. "The Impact of China on Latin America and the Caribbean," World Development, Elsevier, vol. 36(2), pages 235-253, February.
- International Monetary Fund, 2010. "When and Why Worry About Real Exchange Rate Appreciation? The Missing Link Between Dutch Disease and Growth," IMF Working Papers 2010/271, International Monetary Fund.
- Sebastian Edwards & Liaquat Ahamed, 1986. "Introduction to "Economic Adjustment and Exchange Rates in Developing Countries"," NBER Chapters, in: Economic Adjustment and Exchange Rates in Developing Countries, pages 1-16, National Bureau of Economic Research, Inc.
- Corden, W Max & Neary, J Peter, 1982. "Booming Sector and De-Industrialisation in a Small Open Economy," Economic Journal, Royal Economic Society, vol. 92(368), pages 825-848, December.
- Rafael E. De Hoyos & Vasilis Sarafidis, 2006. "Testing for cross-sectional dependence in panel-data models," Stata Journal, StataCorp LP, vol. 6(4), pages 482-496, December.
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.- Daniel Goya, 2014. "The Multiple Impacts of the Exchange Rate on Export Diversification," Cambridge Working Papers in Economics 1436, Faculty of Economics, University of Cambridge.
- Grant Mark Nülle & Graham A. Davis, 2018. "Neither Dutch nor disease?—natural resource booms in theory and empirics," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 31(1), pages 35-59, May.
- Alssadek, Marwan & Benhin, James, 2021. "Oil boom, exchange rate and sectoral output: An empirical analysis of Dutch disease in oil-rich countries," Resources Policy, Elsevier, vol. 74(C).
- Kojo, Naoko C., 2014. "Demystifying Dutch disease," Policy Research Working Paper Series 6981, The World Bank.
- Muntasir Murshed & Seemran Rashid, 2020.
"An Empirical Investigation of Real Exchange Rate Responses to Foreign Currency Inflows: Revisiting the Dutch Disease Phenomenon in South Asia,"
The Economics and Finance Letters, Conscientia Beam, vol. 7(1), pages 23-46.
- Murshed, Muntasir & Rashid, Seemran, 2020. "An Empirical Investigation of Real Exchange Rate Responses to Foreign Currency Inflows: Revisiting the Dutch Disease phenomenon in South Asia," MPRA Paper 98756, University Library of Munich, Germany.
- Nuno Baetas da Silva & João Sousa Andrade & António Portugal Duarte, 2016. "Alternative Sources of Dutch Disease: A Survey of the Literature," GEMF Working Papers 2016-10, GEMF, Faculty of Economics, University of Coimbra.
- Elissaios Papyrakis & Ohad Raveh, 2014.
"An Empirical Analysis of a Regional Dutch Disease: The Case of Canada,"
Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 58(2), pages 179-198, June.
- Elissaios Papyrakis & Ohad Raveh, 2013. "An Empirical Analysis of a Regional Dutch Disease: The Case of Canada," OxCarre Working Papers 106, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
- Aqib Aslam & Samya Beidas-Strom & Mr. Rudolfs Bems & Oya Celasun & Zsoka Koczan, 2016. "Trading on Their Terms? Commodity Exporters in the Aftermath of the Commodity Boom," IMF Working Papers 2016/027, International Monetary Fund.
- Nuno Baetas da Silva & João Sousa Andrade & António Portugal Duarte, 2016. "Alternative Sources of Dutch Disease: A Survey of the Literature," GEMF Working Papers 2016-10, GEMF, Faculty of Economics, University of Coimbra.
- Brock Smith, 2014. "Dutch Disease and the Oil and Boom and Bust," OxCarre Working Papers 133, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
- João Sousa Andrade & António Portugal Duarte, 2013. "The Dutch Disease in the Portuguese Economy," GEMF Working Papers 2013-05, GEMF, Faculty of Economics, University of Coimbra.
- Thomas Goda & Alejandro Torres, 2013. "Tasa de cambio real y recomposición sectorial en Colombia," Documentos de Trabajo de Valor Público 10936, Universidad EAFIT.
- Chiroleu-Assouline, Mireille & Fodha, Mouez & Kirat, Yassine, 2020.
"Carbon curse in developed countries,"
Energy Economics, Elsevier, vol. 90(C).
- Mireille Chiroleu-Assouline & Mouez Fodha & Yassine Kirat, 2020. "Carbon Curse in Developed Countries," Working Papers 2020.17, FAERE - French Association of Environmental and Resource Economists.
- Mireille Chiroleu-Assouline & Mouez Fodha & Yassine Kirat, 2020. "Carbon curse in developed countries," Post-Print halshs-02902393, HAL.
- Mireille Chiroleu-Assouline & Mouez Fodha & Yassine Kirat, 2020. "Carbon curse in developed countries," PSE-Ecole d'économie de Paris (Postprint) halshs-02902393, HAL.
- Brock Smith, 2014. "Dutch Disease and the Oil and Boom and Bust," Economics Series Working Papers OxCarre Research Paper 13, University of Oxford, Department of Economics.
- Frederick Ploeg, 2011.
"Fiscal policy and Dutch disease,"
International Economics and Economic Policy, Springer, vol. 8(2), pages 121-138, June.
- Frederick Van der Ploeg, 2011. "Fiscal Policy and Dutch Disease," CESifo Working Paper Series 3398, CESifo.
- Gasmi, Farid & Laourari, Imène, 2017. "Has Algeria suffered from the dutch disease?: Evidence from 1960–2013 data," TSE Working Papers 17-780, Toulouse School of Economics (TSE).
- Thomas Goda & Alejandro Torres, 2013. "Overvaluation of the real exchange rate and the Dutch Disease: the Colombian case," Documentos de Trabajo de Valor Público 10930, Universidad EAFIT.
- Mouhamadou Sy & Hamidreza Tabarraei, 2010. "Capital inflows and exchange rate in LDCs: The Dutch disease problem revisited," Working Papers halshs-00574955, HAL.
- Bodart, Vincent & Candelon, Bertrand & Carpantier, Jean-Francois, 2015.
"Real exchanges rates, commodity prices and structural factors in developing countries,"
Journal of International Money and Finance, Elsevier, vol. 51(C), pages 264-284.
- Vincent Bodart & Bertrand Candelon & Jean-François Carpantier, 2011. "Real Exchange Rates, Commodity Prices and Structural Factors in Developing Countries," Working Papers hal-01821154, HAL.
- Vincent Bodart & Bertrand Candelon & Jean-François Carpantier, 2015. "Real exchanges rates, commodity prices and structural factors in developing countries," Post-Print hal-01821129, HAL.
- Vincent Bodart & Bertrand Candelon & Jean-François Carpantier, 2013. "Real exchange rates, commodity prices and structural factors in developing countries," Working Papers hal-01821142, HAL.
- Bertrand Candelon, 2014. "Real Exchange rates, commodity prices and structural factors in developing countries," Working Papers 2014-46, Department of Research, Ipag Business School.
- Vincent Bodart & Bertrand Candelon & Jean-François Carpantier, 2013. "Real exchange rates, commodity prices and structural factors in developing countries," DEM Discussion Paper Series 13-09, Department of Economics at the University of Luxembourg.
- Vincent BODART & Bertrand CANDELON & Jean-François CARPANTIER, 2011. "Real Exchange Rates, Commodity Prices and Structural Factors in Developing Countries," LIDAM Discussion Papers IRES 2011045, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
- Hao, Linna & Ahmad, Shabbir & Chang, Hsu-Ling & Umar, Muhammad, 2021. "Knowledge spill-over and institutional quality role in controlling Dutch disease: A case of BRICS countries," Resources Policy, Elsevier, vol. 72(C).
More about this item
Keywords
Dutch disease; manufacturing value added; excess appreciation; Latin America;All these keywords.
JEL classification:
- N66 - Economic History - - Manufacturing and Construction - - - Latin America; Caribbean
- O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
NEP fields
This paper has been announced in the following NEP Reports:- NEP-LAM-2014-07-05 (Central and South America)
- NEP-OPM-2014-07-05 (Open Economy Macroeconomics)
- NEP-PKE-2014-07-05 (Post Keynesian Economics)
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:pra:mprapa:57056. 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: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.