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Dutch disease and Venezuelan economics in retrospective

Journal: The Journal of Economic Sciences: Theory and Practice (Vol.71, No. 1)

Publication Date:

Authors : ;

Page : 80-98

Keywords : Dutch Disease; Resource curse; Venezuela; financial resources; price.;

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Abstract

“Dutch Disease” is a wording to explain a specific economic development whenever a country witnesses a large inflow of financial resources, often resulting from the exports of natural resources. Author develops simplified graphical model of Dutch Disease and examines economics performance of Venezuela in a retrospective on the basis of most recent open statistical data despite the implications in availability of some statistics. Analysis shows clear presence of main symptoms of Dutch Disease.

Last modified: 2016-08-20 23:12:07