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

Taguchi, Hiroyuki; Khinsamone, Soukvisan

doi:10.1002/app5.233

Cited by 12 publications

(12 citation statements)

References 19 publications

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“…The effects result in a fall of the output share of non-resource tradable relatives to the non-tradable. The rising non-tradable prices are relative to the tradable, which initiates the real exchange rate (Taguchi & Khinsamone, 2018). Experience from non-tradable booms worldwide, which supports the claims that in-resource abundant economies.…”

Section: Figure 1 the Theoretical Framework For Dutch Diseasementioning

confidence: 73%

“…Source: Taguchi & Khinsamone (2018) From the curve, the horizontal axis exhibits non-tradable while the vertical one shows the tradable allocation. The initial transformation of the non-tradable and tradable curve represents by the P-P curve.…”

Section: Figure 1 the Theoretical Framework For Dutch Diseasementioning

confidence: 99%

“…The SalterSwanCordenDornbusch model provided the theoretical framework for describing the Dutch Disease effect of 'capital inflows' in small open economies. The model has been applied to examine the economic impacts of foreign aids and emigrant remittances, and naturalresource exports since they constitute the significant capital inflow elements (Taguchi & Khinsamone, 2018).…”

Section: Introductionmentioning

confidence: 99%

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Could Palm Oil Plantation Increase Individual Expenditure? The Dutch Disease Implication in Indonesia

Siregar

Sihaloho

2021

Signifikan

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Indonesia is the largest palm-oil producing country, covering almost 80 percent of global production. With the extensive production capacity, this research seeks to analyze the linkages between palm oil production and its impact on the economy by the individual monthly expenditure. To reveal the connections, this research analyzes the Dutch Disease phenomenon in Indonesia, which explains how the non-tradable sector, palm-oil industry, affects the tradable sector like the manufacturing industry. The panel data variables are selected from 2011 to 2015 within 22 provinces to see the Dutch Disease's implications. As the model is suffered from the endogeneity, the correlation of explanatory variables with the error term, the research uses the Instrumental-Variable Regression method. The analysis indicates that Indonesia was not suffered from Dutch Disease. Therefore, palm oil production could increase individual expenditure. Finally, the extension of palm oil plantations could benefit Indonesia's economy without affecting other sectors.JEL Classification: E21, E24, O13, O44How to Cite:Siregar, C. D. T., & Sihaloho, E. D. (2021). Could Palm Oil Plantation Increase Individual Expenditure? The Dutch Disease Implication in Indonesia. Signifikan: Jurnal Ilmu Ekonomi, 10(1), 77-92. doi: http://doi.org/10.15408/sjie.v10i1.15831.

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Section: Figure 1 the Theoretical Framework For Dutch Diseasementioning

confidence: 73%

Section: Figure 1 the Theoretical Framework For Dutch Diseasementioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Could Palm Oil Plantation Increase Individual Expenditure? The Dutch Disease Implication in Indonesia

Siregar

Sihaloho

2021

Signifikan

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“…Economic development is a key driver for most states, but many resource-rich developing states exhibit slow economic growth. As with other extractive industries, the large financial gains that may be generated by successful deep-seabed mining, if not handled carefully, could have negative effects on a state's economic status 75 . The risk of this 'resource curse' may be combated by sound revenue management, and an integrated resource management approach, grounded in transparent and non-discretionary policy and law, with The ISA is an intergovernmental agency created by the UN Convention on the Law of the Sea, and whose structure includes the following organs: the Assembly, the Council, the Legal and Technical Commission, the Finance Committee, the Economic Planning Commission, The Enterprise, and the Secretariat.…”

Section: Socio-economic and Cultural Benefits And Costsmentioning

confidence: 99%

Challenges to the sustainability of deep-seabed mining

2020

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he deep-sea floor (below 200 m) is presently, along with Antarctica, the only area on Earth where mineral resources are not currently extracted commercially 1. However, the twenty-first century has seen rising concerns over the depletion of the most readily available and highest-grade ores of selected minerals on land, as well as increasing vulnerabilities to political control over resource access 2-4. Demand for some minerals is also projected to increase, particularly from electrification of the transport sector and renewable energy generation 5-8. A recent Intergovernmental Panel on Climate Change (IPCC) report indicates that 70-85% of all electricity would need to come from renewable sources by 2050 to limit global warming to 1.5 °C 9. These factors, combined with the development of a governance structure for international mineral resources established under the United Nations Convention on the Law of the Sea (UNCLOS) and its 1994 Implementing Agreement, have led to renewed interest in deep-seabed mining 4,10. Many metals occur together at economically interesting concentrations in the deep ocean. These include copper, cobalt, nickel, zinc, silver and gold, as well as lithium and rare-earth elements (Table 1). The metals are found in different ore types in different settings (Fig.

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“…The government was very sensitive in allocating the resource revenues to the investment projects as well as diversifying the sectors to improve the business environment and high-quality institutionalization. In their research, Taguchi and Soukvisan (2017) investigated the Dutch Disease effect on ASEAN countries. They concluded that while Indonesia experienced Dutch Disease effects in the period of 1970-1995, with its suitable macro policies, the country did not have such a bad experience in the 1995-2015 period that the other resource-rich developing countries had.…”

Section: Indonesiamentioning

confidence: 99%

An Investigation of the Reasons for the Natural Resource Curse: Selected Country Cases

Gedikli¹

2020

berj

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Ever since its growing importance, the natural resource abundance and economic growth relationship have been a hot field of study for researchers. In the existing literature, many studies pointing to the negative impact of natural resource endowment on economic growth performance. While some "blessed" natural resourceabundant countries enjoy their natural resource revenues and have a remarkable economic growth performance, many others are "cursed" despite having great natural resource wealth. Natural resource windfall may induce Dutch Disease with excessive rent-seeking, corruption, poor institutionalism, and democracy in resource-rich developing countries. The aim of this study is to investigate the causes of the natural resource curse in developing natural resource-rich countries. In this research, the sample natural resource-rich countries were analyzed between 1980 and 2018 to validate the existence of the natural resource curse in these countries. In the first part, the conceptual framework and reasons for the natural resource curse were explained in detail. In the second part, successful natural resource-rich country cases, as well as selected resource-rich developing countries, were compared according to their economic growth performances, their natural resource revenues, and degree of dependence of their economies on the natural resource revenues. In the last part, some policy suggestions were put forward to avoid a natural resource curse in developing countries.

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

Cited by 12 publications

References 19 publications

Could Palm Oil Plantation Increase Individual Expenditure? The Dutch Disease Implication in Indonesia

Could Palm Oil Plantation Increase Individual Expenditure? The Dutch Disease Implication in Indonesia

Challenges to the sustainability of deep-seabed mining

An Investigation of the Reasons for the Natural Resource Curse: Selected Country Cases

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