Comparison of Resource Related Sectors with Non-Resource Sectors from the Point of View of Economic Growth and Dutch Disease Potential, Studied on the Case of Four Resource Dependent Countries
Comparison of Resource Related Sectors with Non-Resource Sectors from the Point of View of Economic Growth and Dutch Disease Potential, Studied on the Case of Four Resource Dependent Countries

Summary/Abstract: The Dutch Disease phenomenon makes scholars conclude on the base of the historical empiric evidence, that natural resources can be actually a thread to the long- term stability and prosperity of countries. This view of natural resources as a curse rather than a blessing was shown on many cases of national economies. No studies had however compared different commodities in order to draw a conclusion on the severity of their impact on GDP growth with other sectors and also on the lagged impact in a mid- term time span. The study compares on the base of historic longitudinal panel data analysis, selected types of resources with a Dutch Disease impact potential on GDP creation, such as crude oil and gold and compares these with agricultural and industrial output and high-tech exports in chosen countries.

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