Dutch Disease model of a natural resource export boom: coal in Columbia

Thesis/Dissertation · Thu Jan 01 04:00:00 EST 1987

OSTI ID:7010098

Seidelman, J E

This dissertation examines the economic adjustments of a natural resource export boom in a developing country using a Dutch Disease approach. It surveys the existing literature on general-equilibrium Dutch Disease models. In addition, intermediate goods are introduced, and the changes this brings in Dutch Disease adjustment of an export boom are explored. The Colombian coffee and drug booms of the 1970s are analyzed using a Dutch Disease framework. Econometric estimations of several key Dutch Disease variables are conducted. Furthermore, Colombia's policy response to the coffee and drug booms is examined as a means to identify appropriate policy responses for developing countries in the event of an export boom. This study explicitly integrates many of the socio-economic characteristics and policy problems peculiar to developing countries with Dutch Disease analysis of a boom. This integration is extended by examining how a booming export such as Cerrejon coal may affect factor incomes and sectoral allocations in Colombia. Finally, Colombia's policy options are explored given the introduction of Colombia's newest booming export (Cerrejon Coal), along with some concluding thoughts about Dutch Disease adjustment, natural resource export booms and developing countries.

• Research Organization: Utah Univ., Salt Lake City (USA)
• OSTI ID: 7010098
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
290200 -- Energy Planning & Policy-- Economics & Sociology
290400* -- Energy Planning & Policy-- Energy Resources
294002 -- Energy Planning & Policy-- Petroleum
CARBONACEOUS MATERIALS
COAL
COLOMBIA
COMMODITIES
DEVELOPING COUNTRIES
ECONOMETRICS
ECONOMIC IMPACT
ECONOMICS
ENERGY SOURCES
EXPORTS
FOSSIL FUELS
FUELS
LATIN AMERICA
MATERIALS
SECTORAL ANALYSIS
SOUTH AMERICA