Contemporary policy debates on the macroeconomics of resource booms often concentrate on the short-run Dutch disease effects of public expenditure ignoring the possible long-term effects of alternative revenue-allocation options and the supply-side impact of royalty-financed public investments....

Economic growth in Vietnam has been fairly resilient to the global commodity and financial crises, but it is unclear why. In addition, the impact of the crises on employment and poverty is in dispute. We develop a dynamic computable general equilibrium model to decompose impacts and estimate...

Unlike in Asia, the manufacturing sector has not (yet) become a driver of structural change in Africa. One common explanation is that the natural resource-focus of many African economies leads to Dutch disease effects. To test this argument for the case of newly found oil in Ghana we develop a...

Unlike in Asia, the manufacturing sector has not (yet) become a driver of structural change in Africa. One common explanation is that the natural resource-focus of many African economies leads to Dutch disease effects. To test this argument for the case of newly found oil in Ghana we develop a...

Agricultural growth in Africa has accelerated, yet most of this growth has been driven by land expansion. Land expansion potential is reaching its limits, urging governments to shift towards a green revolution type of productivity-led growth. Given the huge public investments required, this...

Contemporary policy debates on the macroeconomics of resource booms often concentrate on the short-run Dutch disease effects of public expenditure ignoring the possible long-term effects of alternative revenue-allocation options and the supply-side impact of royalty-financed public investments....

Agricultural growth in Africa has accelerated, yet most of this growth has been driven by land expansion. Land expansion potential is reaching its limits, urging governments to shift towards a green revolution type of productivity-led growth. Given the huge public investments required, this...

Economic growth in Vietnam has been fairly resilient to the global commodity and financial crises, but it is unclear why. In addition, the impact of the crises on employment and poverty is in dispute. We develop a dynamic computable general equilibrium model to decompose impacts and estimate...

There is broad consensus among scientists that climate change is altering weather patterns around the world. However, economists are only beginning to develop comprehensive tools that allow for the quantification of such weather changes on countries' economies and people. This paper presents a...