Although the core model of the Dutch Disease makes unambiguous predictions regarding the negative effect of a resource boom on a country’s manufacturing exports, the empirical literature that has followed has not clearly identified this effect. I attribute this to the failure of the existing...

Data on energy and mineral reserves suggest that natural resource abundance has not been a significant structural determinant of economic growth between 1970 and 1989. The story behind the effect of natural resources on economic growth is a complex one that typical growth regressions do not...

In most developed countries, the age distribution of the population is shifting rapidly towards the elderly. If transfers and the tax schedule are unchanged, future generations will then have to bear an increased charge and, consequently, they could be deprived. Dans la plupart des pays...