Proceedings of 2016 5th International Conference on Social Science, Education and Humanities Research

Resource Boom, Industrial Structure and Economic Growth in a DSGE Model

Authors
Bin Liang, Yiwei Lian, Xiaoyi Ji
Corresponding Author
Bin Liang
Available Online July 2016.
DOI
10.2991/ssehr-16.2016.29How to use a DOI?
Keywords
Dutch Disease, Industrial Structure, DSGE, R&D arbitrage
Abstract

Literature of "Dutch disease" concerns about the de-industrialization induced by the resource boom. But the core model of "Dutch disease" is based on the experiences of developed countries, such as Holland and Australia. We extend the literature of "resource curse" by proposing that the initial industrial structure is an essential factor for an economy to experience a blessing or curse with a resource boom. We also draw a clear distinction between resource booms and price booms, and restrict our study on the resource boom of point source natural resources. We setup a multi-sector model with R&D arbitrage to explore a structure-upgrading transmission channel of a resource boom to illustrate that the change of industrial structures incurred by resource boom may bring "industrial bonus".

Copyright
© 2016, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of 2016 5th International Conference on Social Science, Education and Humanities Research
Series
Advances in Social Science, Education and Humanities Research
Publication Date
July 2016
ISBN
10.2991/ssehr-16.2016.29
ISSN
2352-5398
DOI
10.2991/ssehr-16.2016.29How to use a DOI?
Copyright
© 2016, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Bin Liang
AU  - Yiwei Lian
AU  - Xiaoyi Ji
PY  - 2016/07
DA  - 2016/07
TI  - Resource Boom, Industrial Structure and Economic Growth in a DSGE Model
BT  - Proceedings of 2016 5th International Conference on Social Science, Education and Humanities Research
PB  - Atlantis Press
SP  - 134
EP  - 141
SN  - 2352-5398
UR  - https://doi.org/10.2991/ssehr-16.2016.29
DO  - 10.2991/ssehr-16.2016.29
ID  - Liang2016/07
ER  -