Theoretical foundations of the Dutch disease

This book focuses on the theoretical foundations of Dutch Disease, as well as the empirical roots of its incidence and emergence, and is divided into three chapters: the first chapter presents the history of occurrence of Dutch Disease from which economists have noted a strong export of hydrocarbons to the detriment of other manufacturing products, which created a deindustrialization effect. The second chapter outlines the models of the phenomenon developed by Gregory 1976, Corden and Neary 1982, and Corden 1984. Finally, the third chapter illustrates the mechanisms of Dutch disease, highlighting the impact of an exchange rate appreciation on a resource-rich economy.