@techreport{Breisinger2012growth,
abstract = {Unlike in Asia, the manufacturing sector has not (yet) become a driver of structural change in Africa. One common explanation is that the natural resource-focus of many African economies leads to Dutch disease effects. To test this argument for the case of newly found oil in Ghana we develop a multi-sector intertemporal general equilibrium model with endogenous savings and investment behavior. Results show that in addition to the well-known short-term Dutch disease effects, long-term structural effects can indeed impede Asian-style economic transformation in Ghana (and other resource rich countries). We also demonstrate how oil wealth may go hand in hand with structural change in the future.},
address = {Kiel},
author = {Clemens Breisinger and Xinshen Diao and Manfred Wiebelt},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {C68; D58; D90; F43; O11; O41; O55; 330; transformation; growth; structural change; oil revenue; Dutch disease; Ghana; intertemporal general equilibrium; Erd\"{o}lvorkommen; Mineral\"{o}lwirtschaft; Dutch Disease; Strukturwandel; Sch\"{a}tzung; Ghana},
language = {eng},
number = {1784},
publisher = {Kiel Institute for the World Economy (IfW)},
title = {Can oil-led growth and structural change go hand in hand in Ghana? A multi-sector intertemporal general equilibrium assessment},
type = {Kiel Working Paper},
url = {http://hdl.handle.net/10419/60334},
year = {2012}
}
