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Sandrine A. Kablan and Josef L. Loening
''An empirical assessment of the Dutch disease channel of the resource curse: the case of Chad''
( 2012, Vol. 32 No.3 )
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. In this context, increased public expenditures in tradable sectors present the opportunity to make oil revenues an engine of national development.
Keywords: Key words: Natural resource curse, Dutch disease, Chad, Structural VAR.
JEL: E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General
O1 - Economic Development: General
Manuscript Received : Jul 12 2012 Manuscript Accepted : Jul 19 2012

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