Analysis of the ‘Dutch Disease’ Effect on the Selected Resource‐Rich Asean Economies

Bibliographic Data

ID8100049
AuthorsHiroyuki Taguchi (0000-0002-6426-772X, Saitama University, corresponding author), Soukvisan Khinsamone (Saitama University)
Year2018
Volume5
Issue2
Pages249-263
Publication date2018-04-16
Open AccessYes
TypeARTICLE
VenueAsia & the Pacific Policy Studies (JOURNAL)
Journal identifiersISSN: 2050-2680 • E-ISSN: 2050-2680
PublisherWiley (PUBLISHER • GB)
DOI10.1002/app5.233
OpenAlexW2806743239
LanguageEN
Citations received3
References cited15

This article examines the applicability of the Dutch Disease hypothesis by using a vector auto‐regression model, focusing on the resource‐rich and middle‐income economies in the Association of Southeast Asian Nations. The empirical study found that the latecomers of Lao People's Democratic Republic and Myanmar seemed to suffer from the Dutch Disease over the sample period for 1970–2015; and the forerunners of Indonesia and Malaysia, on the other hand, appeared to have no Dutch Disease effect at least in the current period of 1997–2015, although Indonesia had experienced the Dutch Disease in the previous period of 1970–1996. The lessons from the forerunners' experiences in order for the latecomers to escape from the Dutch Disease are to establish some funding system of allocating resource revenues for investment projects; to diversify domestic industries through improving business environments; and to improve institutional quality to reinforce resource governance

Corporate governance · Democracy · Development economics · Dutch disease · Economics · Economy · Exchange rate · Investment (military · Macroeconomics · Order (exchange · Political science · Politics · Resource (disambiguation · Revenue · Sample (material · Asian Geopolitics and Ethnography · International Development and Aid · Natural Resources and Economic Development · Finance

Tools

Open DOISci-HubOpen Access