The economic theory of "Dutch Disease" is extended and applied to the 1976-79 coffee boom in Kenya in this article. When a commodity boom is perceived as temporary, a large fraction will tend to be saved out of transient income. The spending effect of the boom is supplemented by relative price changes resulting from capital stock increases. In the presence of foreign exchange and import controls, the benefits of a sudden export price increase may...
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详细
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1987/05/31
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日志文章
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14169
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1
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1
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2010/07/01
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Consequences of a commodity boom in a controlled economy : accumulation and redistribution in Kenya 1975-83
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market sector