Las asimetrías de la enfermedad holandesa. Revisando el modelo petrolero noruego, 1970-2018
In this article, it is traced the presence of the Dutch disease (DD) in the Norwegian economy, which entails the analysis of both its manifestations and links to policies. After systematizing the oil industry’s configuration throughout the period 1970-2018, the impact of the oil sector on the rest o...
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Universidad de Zaragoza, Cátedra de Solidaridad y Ciudadanía Global
2020-11-01
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| Series: | Revista Iberoamericana de Estudios de Desarrollo |
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| Online Access: | http://ried.unizar.es/index.php/revista/article/viewFile/416/pdf_1 |
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| author | Eszter Wirth Juan M. Ramírez-Cendrero |
| author_facet | Eszter Wirth Juan M. Ramírez-Cendrero |
| author_sort | Eszter Wirth |
| collection | DOAJ |
| description | In this article, it is traced the presence of the Dutch disease (DD) in the Norwegian economy, which entails the analysis of both its manifestations and links to policies. After systematizing the oil industry’s configuration throughout the period 1970-2018, the impact of the oil sector on the rest of the economy is outlined in conjunction with the Norway’s dependency on the former industry. Specifically, no clear resource reallocation effects of the DD can be observed, although there are certain traces of its spending effects. Moreover, despite the relatively low oil dependency ratios in comparison with other oil producers, the whole of the Norwegian economy shows strong linkages to the oil sector and the trade balance has suffered from increasing deficits related to manufactured products with higher technology content. Based on these results, the faint manifestations of the DD in Norway are diagnosed, which enables us to offer contributions in terms of development policies for oil-rich countries. |
| format | Article |
| id | doaj-art-1f734a01357f472693a7fb87deaf5a80 |
| institution | Kabale University |
| issn | 2254-2035 2254-2035 |
| language | English |
| publishDate | 2020-11-01 |
| publisher | Universidad de Zaragoza, Cátedra de Solidaridad y Ciudadanía Global |
| record_format | Article |
| series | Revista Iberoamericana de Estudios de Desarrollo |
| spelling | doaj-art-1f734a01357f472693a7fb87deaf5a802025-01-02T21:58:53ZengUniversidad de Zaragoza, Cátedra de Solidaridad y Ciudadanía GlobalRevista Iberoamericana de Estudios de Desarrollo2254-20352254-20352020-11-019214217310.26754/ojs_ried/ijds.416Las asimetrías de la enfermedad holandesa. Revisando el modelo petrolero noruego, 1970-2018Eszter Wirth0Juan M. Ramírez-Cendrero1Universidad Pontifica Comillas (Spain) Universidad Complutense de MadridIn this article, it is traced the presence of the Dutch disease (DD) in the Norwegian economy, which entails the analysis of both its manifestations and links to policies. After systematizing the oil industry’s configuration throughout the period 1970-2018, the impact of the oil sector on the rest of the economy is outlined in conjunction with the Norway’s dependency on the former industry. Specifically, no clear resource reallocation effects of the DD can be observed, although there are certain traces of its spending effects. Moreover, despite the relatively low oil dependency ratios in comparison with other oil producers, the whole of the Norwegian economy shows strong linkages to the oil sector and the trade balance has suffered from increasing deficits related to manufactured products with higher technology content. Based on these results, the faint manifestations of the DD in Norway are diagnosed, which enables us to offer contributions in terms of development policies for oil-rich countries.http://ried.unizar.es/index.php/revista/article/viewFile/416/pdf_1dutch disease; oil and gas; norway; industrial policy |
| spellingShingle | Eszter Wirth Juan M. Ramírez-Cendrero Las asimetrías de la enfermedad holandesa. Revisando el modelo petrolero noruego, 1970-2018 Revista Iberoamericana de Estudios de Desarrollo dutch disease; oil and gas; norway; industrial policy |
| title | Las asimetrías de la enfermedad holandesa. Revisando el modelo petrolero noruego, 1970-2018 |
| title_full | Las asimetrías de la enfermedad holandesa. Revisando el modelo petrolero noruego, 1970-2018 |
| title_fullStr | Las asimetrías de la enfermedad holandesa. Revisando el modelo petrolero noruego, 1970-2018 |
| title_full_unstemmed | Las asimetrías de la enfermedad holandesa. Revisando el modelo petrolero noruego, 1970-2018 |
| title_short | Las asimetrías de la enfermedad holandesa. Revisando el modelo petrolero noruego, 1970-2018 |
| title_sort | las asimetrias de la enfermedad holandesa revisando el modelo petrolero noruego 1970 2018 |
| topic | dutch disease; oil and gas; norway; industrial policy |
| url | http://ried.unizar.es/index.php/revista/article/viewFile/416/pdf_1 |
| work_keys_str_mv | AT eszterwirth lasasimetriasdelaenfermedadholandesarevisandoelmodelopetroleronoruego19702018 AT juanmramirezcendrero lasasimetriasdelaenfermedadholandesarevisandoelmodelopetroleronoruego19702018 |