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Is Chad affected by Dutch or Nigerian disease?

Domaine:

socioeconomic

Type de record:

paper
Créateur:
KabLoe
Éditeur:
EquLa
Éditeur:
CCSD
Hôte:avatar
We examine the effects of the ‘natural resource curse’ on Chad and find little evidence for Dutch disease. Structural vector auto-regression suggests that changes in domestic output and prices are overwhelmingly determined by aggregate demand and supply shocks, and while oil production and high international prices negatively affect agricultural output, the effects are small. Consistent with empirical evidence for neighbouring Cameroon, we observe minimal impact on Chad’s manufacturing sector. We associate our findings with structural underemployment and the inefficient use of existing production factors. In this context, increased public expenditures in tradable sectors present the opportunity to make oil revenues an engine of national development.

Visit

hal.science

Tags

[QFIN]Quantitative Finance [q-fin]

Licenses

info:eu-repo/semantics/OpenAccess

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