Bjørnland, Hilde Christiane; Thorsrud, Leif Anders - Centre for Applied Macro- and Petroleum economics … - 2013
Traditional studies of the Dutch disease do not typically account for productivity spillovers between the booming energy sector and non-oil sectors. This study identifes and quantifes these spillovers using a Bayesian Dynamic Factor Model (BDFM). The model allows for resource movements and...