How contagious is Dutch disease
TL;DRAbstract
Into the vernacular of economists has come the term Dutch Disease from the Netherland's experience as a net energy exporter. After outlining characterisics of the affliction and the ways in which it can be manifested, this article looks at the economies of United Kingdom, Norway, and Mexico. While the stage of economic development, the structure of the balance of payments, and the exchange-rate regime are at least somewhat different for each, all have economies that are feeling the impact of the energy sector. Common factors are a higher value for the exchange rate than would otherwise be the case and a squeeze on nonenergy sectors of the economy. 4 figures.
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Into the vernacular of economists has come the term Dutch Disease from the Netherland's experience as a net energy exporter. After outlining characterisics of the affliction and the ways in which it can be manifested, this article looks at the economies of United Kingdom, Norway, and Mexico. While the stage of economic development, the structure of the balance of payments, and the exchange-rate regime are at least somewhat different for each, all have economies that are feeling the impact of the energy sector. Common factors are a higher value for the exchange rate than would otherwise be the case and a squeeze on nonenergy sectors of the economy. 4 figures.
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