期刊
SCANDINAVIAN JOURNAL OF ECONOMICS
卷 113, 期 2, 页码 388-417出版社
WILEY
DOI: 10.1111/j.1467-9442.2011.01659.x
关键词
Dutch disease; windfalls; commodity prices; O13; O15; F11; Q33
类别
We develop a theory, in the context of a two-sector growth model in which learning-by-doing drives growth, to explain the time path of income inequality following natural resource booms in resource-rich countries. Under the condition of a relatively unskilled labor intensive non-traded sector, inequality falls immediately after a boom, and then increases steadily over time until the initial impact of the boom disappears. Using data for 90 countries between 1965 and 1999, we find evidence in support of the theory, especially for oil and mineral booms. We also find that uncertainty about future commodity prices increases long-run inequality.
作者
我是这篇论文的作者
点击您的名字以认领此论文并将其添加到您的个人资料中。
推荐
暂无数据