This study investigates the applicability of the "Dutch Disease" model as a means of explaining the changing sectoral composition of output for Paraguay in the period of 1973-1986. For this purpose the consequences of "booming-sector" activity for the distribution of income as it affects wages,...

Under controls initially imposed in 1954, the exchange black market in Jamaica grew to about US$ 1.7 billion of transaction in value per year by 1990. This market contributed importantly to the operation of Jamaica's underground economy during the 1980s. The liberalising of the foreign exchange...