Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/60334 
Erscheinungsjahr: 
2012
Schriftenreihe/Nr.: 
Kiel Working Paper No. 1784
Verlag: 
Kiel Institute for the World Economy (IfW), Kiel
Zusammenfassung: 
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.
Schlagwörter: 
transformation
growth
structural change
oil revenue
Dutch disease
Ghana
intertemporal general equilibrium
JEL: 
C68
D58
D90
F43
O11
O41
O55
Dokumentart: 
Working Paper

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