The resource curse and regional development : does the Dutch disease apply to local economies ? Evidence from Canada

Polèse, Mario et Simard, Michaël (2012). The resource curse and regional development : does the Dutch disease apply to local economies ? Evidence from Canada Working Paper. Institut national de la recherche scientifique, Montréal.

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Résumé

Rich resource endowments can be a mixed blessing, spawning a literature on the 'resource curse' and associated Dutch Disease: high exchange rates driven by resource rents undermining the competitivity of national economies. This paper provides evidence that similar mechanics apply to local economies, examining 135 Canadian urban areas over time. A positive relationship is found between resource specialization and wages and negative with labour demand and education levels. Evidence of a crowding-out effect for non-resource manufacturing is weaker. The negative relationship with growth holds primarily for resource transformation rather than for resource extraction per se. Local economies dominated by large plants and high-paying bluecollar jobs face particular challenges.

Type de document:	Monographie (Working Paper)
Mots-clés libres:	Développement régional; ressources naturelles; économie régionale; malédiction des ressources naturelles; mal néerlandais; regional development; natural resources; regional economics; resource curse; Dutch disease.
Centre:	Centre Urbanisation Culture Société
Date de dépôt:	12 nov. 2020 19:07
Dernière modification:	12 nov. 2020 19:07
URI:	https://espace.inrs.ca/id/eprint/9223

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