Inflation, employment, and the Dutch Disease in oil-exporting countries: a short-run disequilibrium analysis

Journal Article · Tue May 01 04:00:00 EDT 1984 · Q. J. Econ.; (United States)

DOI:https://doi.org/10.2307/1885524· OSTI ID:6863219

van Wijnbergen, S

The author uses nontraded goods and labor shortages in the Gulf countries, the decline of the traded goods sector in oil producers (''Dutch Disease''), and the absence of employment benefits of higher oil revenues in Latin American oil producers. Higher oil revenues can be likened to a transfer putting pressure on non-oil traded (NT) goods prices and drawing resources out of the T sector. The slope of the wage indexation line determines whether classical unemployment or repressed inflation results. Various policy measures are analyzed. 3 references, 8 figures.

• OSTI ID: 6863219
• Journal Information: Q. J. Econ.; (United States), Journal Name: Q. J. Econ.; (United States) Vol. 99:2; ISSN QJECA
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
290200 -- Energy Planning & Policy-- Economics & Sociology
294002 -- Energy Planning & Policy-- Petroleum
ARABIAN SEA
ECONOMIC ANALYSIS
ECONOMICS
EMPLOYMENT
INCOME
INDIAN OCEAN
INFLATION
OIL-EXPORTING COUNTRIES
PERSIAN GULF
SEAS
SURFACE WATERS
TRADE