The Experts below are selected from a list of 38370 Experts worldwide ranked by ideXlab platform
Jaume Rosselló Nadal - One of the best experts on this subject based on the ideXlab platform.
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Dutch Disease in tourism economies evidence from the balearics and the canary islands
Journal of Sustainable Tourism, 2007Co-Authors: Javier Capo, Antoni Riera Font, Jaume Rosselló NadalAbstract:Considerable attention has been given in the economic literature to Dutch Disease, with symptoms of the Disease being extensively described in many different contexts. Dutch Disease is a condition which describes the reaction of an economy, subject to rapid change, on finding new export uses for natural resources. None of the studies, however, has focused on the tourist industry as a source of increased wealth through the exploitation of natural resources, such as beaches or natural areas, using typical mass models of tourism development. By examining two different Spanish regions, this paper provides evidence that the Balearics and the Canary Islands, whose economies are heavily orientated towards tourism, both show signs of Dutch Disease and that, as a result, their economic growth might be compromised in coming years.
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Dutch Disease in Tourism Economies Dutch Disease in Tourism Economies Evidence from Spain Evidence from Spain
2005Co-Authors: Javier Capó Parrilla, Antoni Riera Font, Jaume Rosselló NadalAbstract:Considerable attention has been given in economic literature to Dutch Disease, with symptoms of the Disease being extensively described in many different contexts. Nevertheless, none of the studies has focused on the tourist industry as a source of increased wealth through the exploitation of natural resources, such as beaches, natural areas and wild fauna, typical of mass models of tourism development. By examining two different Spanish regions, this paper provides evidence that the Balearics and the Canary Islands, whose economies are heavily oriented toward tourism, both show signs of Dutch Disease and that, as a result, their economic growth might be compromised in coming years.
Antoni Riera Font - One of the best experts on this subject based on the ideXlab platform.
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Dutch Disease in tourism economies evidence from the balearics and the canary islands
Journal of Sustainable Tourism, 2007Co-Authors: Javier Capo, Antoni Riera Font, Jaume Rosselló NadalAbstract:Considerable attention has been given in the economic literature to Dutch Disease, with symptoms of the Disease being extensively described in many different contexts. Dutch Disease is a condition which describes the reaction of an economy, subject to rapid change, on finding new export uses for natural resources. None of the studies, however, has focused on the tourist industry as a source of increased wealth through the exploitation of natural resources, such as beaches or natural areas, using typical mass models of tourism development. By examining two different Spanish regions, this paper provides evidence that the Balearics and the Canary Islands, whose economies are heavily orientated towards tourism, both show signs of Dutch Disease and that, as a result, their economic growth might be compromised in coming years.
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Dutch Disease in Tourism Economies Dutch Disease in Tourism Economies Evidence from Spain Evidence from Spain
2005Co-Authors: Javier Capó Parrilla, Antoni Riera Font, Jaume Rosselló NadalAbstract:Considerable attention has been given in economic literature to Dutch Disease, with symptoms of the Disease being extensively described in many different contexts. Nevertheless, none of the studies has focused on the tourist industry as a source of increased wealth through the exploitation of natural resources, such as beaches, natural areas and wild fauna, typical of mass models of tourism development. By examining two different Spanish regions, this paper provides evidence that the Balearics and the Canary Islands, whose economies are heavily oriented toward tourism, both show signs of Dutch Disease and that, as a result, their economic growth might be compromised in coming years.
Anna V. Petronevich - One of the best experts on this subject based on the ideXlab platform.
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Discovering the signs of Dutch Disease in Russia
2015Co-Authors: Valeriy V. Mironov, Anna V. PetronevichAbstract:This paper examines the problem of Dutch Disease in Russia during the oil boom of the 2000s, from both the theoretical and empirical points of view. Our analysis is based on the classical model of Dutch Disease by Corden and Neary (1982). We examine the relationship between changes in the real effective exchange rate of the ruble and the evolution of the Russian economic structure during the period 2002 – 2013. We empirically test the main effects of Dutch Disease, controlling for specific features of the Russian economy, namely the large role of state-owned organizations. We estimate the resource movement and spending effects as determined by the theoretical model and find the presence of several signs of Dutch Disease: the negative impact of the real effective exchange rate on growth in the manufacturing sector, the growth of total income of workers, and the positive link between the real effective exchange rate and returns on capital in all three sectors. Although also predicted by the model and clearly observable, the shift of labor from manufacturing to services cannot be explained by ruble appreciation alone. Publication keywords: Dutch Disease, resource curse, real effective exchange rate, cointegration model, economic policy, Russia
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Discovering the signs of Dutch Disease in Russia
Resources Policy, 2015Co-Authors: Valeriy V. Mironov, Anna V. PetronevichAbstract:Abstract This paper examines the problem of Dutch Disease in Russia during the oil boom of the 2000s, from both the theoretical and empirical points of view. Our analysis is based on the classical model of Dutch Disease by Corden and Neary (1982) . We examine the relationship between changes in the real effective exchange rate of the ruble and the evolution of the Russian economic structure during the period 2002–2013. We empirically test the main effects of Dutch Disease, controlling for the specific features of the Russian economy, namely the large role of state-owned organizations. We estimate the resource movement and spending effects as determined by the theoretical model and find the presence of several signs of Dutch Disease: the negative impact of the real effective exchange rate on the growth in the manufacturing sector, the growth of the total income of workers, and the positive link between the real effective exchange rate and returns on capital in all three sectors. However, the shift of labor from manufacturing to services cannot be explained by the appreciation of the ruble alone.
Javier Capo - One of the best experts on this subject based on the ideXlab platform.
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Dutch Disease in tourism economies evidence from the balearics and the canary islands
Journal of Sustainable Tourism, 2007Co-Authors: Javier Capo, Antoni Riera Font, Jaume Rosselló NadalAbstract:Considerable attention has been given in the economic literature to Dutch Disease, with symptoms of the Disease being extensively described in many different contexts. Dutch Disease is a condition which describes the reaction of an economy, subject to rapid change, on finding new export uses for natural resources. None of the studies, however, has focused on the tourist industry as a source of increased wealth through the exploitation of natural resources, such as beaches or natural areas, using typical mass models of tourism development. By examining two different Spanish regions, this paper provides evidence that the Balearics and the Canary Islands, whose economies are heavily orientated towards tourism, both show signs of Dutch Disease and that, as a result, their economic growth might be compromised in coming years.
Harun Onder - One of the best experts on this subject based on the ideXlab platform.
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The Distribution of Natural Resource Rents and the Dutch Disease
2014Co-Authors: Richard Chisik, Bill Battaile, Harun OnderAbstract:We show that the Dutch Disease can arise solely because of the distribution of the natural resource rents. In particular, a less equal distribution of the natural resource rents can generate manufacturing sector stagnation and lower long-run growth even for a country with a smaller resource base and (initially) higher manufacturing productivity. In our framework the Dutch Disease arises through a shift in demand. The new found wealth from the resource find increases demand for non-tradable luxury consumption services. Labor that could be used to develop the manufacturing sector is pulled into the service sector. Manufactured goods are more likely to be imported and the learning and production process improvements accrue to the foreign exporters. As opposed to conventional models where income distribution has no effect on economic outcomes, an unequal distribution of the resource wealth can generate or further intensify the Dutch Disease dynamics within this framework.
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Services, Inequality, and the Dutch Disease - Services, inequality, and the Dutch Disease
Policy Research Working Papers, 2014Co-Authors: Bill Battaile, Richard Chisik, Harun OnderAbstract:This paper shows how Dutch Disease effects may arise solely from a shift in demand following a natural resource discovery. The natural resource wealth increases the demand for non-tradable luxury services due to non-homothetic preferences. Labor that could be used to develop other non-resource tradable sectors is pulled into these service sectors. As a result, manufactures and other tradable goods are more likely to be imported, and learning and productivity improvements accrue to the foreign exporters. However, once the natural resources diminish, there is less income to purchase the services and non-resource tradable goods. Thus, the temporary gain in purchasing power translates into long-term stagnation. As opposed to conventional models where income distribution has no effect on economic outcomes, an unequal distribution of the rents from resource wealth further intensifies the Dutch Disease dynamics within this framework.
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Services, inequality, and the Dutch Disease
2014Co-Authors: Bill Battaile, Richard Chisik, Harun OnderAbstract:This paper shows how Dutch Disease effects may arise solely from a shift in demand following a natural resource discovery. The natural resource wealth increases the demand for non-tradable luxury services due to non-homothetic preferences. Labor that could be used to develop other non-resource tradable sectors is pulled into these service sectors. As a result, manufactures and other tradable goods are more likely to be imported, and learning and productivity improvements accrue to the foreign exporters. However, once the natural resources diminish, there is less income to purchase the services and non-resource tradable goods. Thus, the temporary gain in purchasing power translates into long-term stagnation. As opposed to conventional models where income distribution has no effect on economic outcomes, an unequal distribution of the rents from resource wealth further intensifies the Dutch Disease dynamics within this framework.\
