Absorbing a windfall of foreign exchange: Dutch disease dymanics
The permanent income rule is seldom the optimal response to a windfall of foreign exchange, such as that from a resource discovery. Absorptive capacity constraints require domestic investment, and investment in structures requires non-traded inputs the supply of which is constrained by the initial c...
| প্রধান লেখক: | , |
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| বিন্যাস: | Working paper |
| প্রকাশিত: |
University of Oxford
2010
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