Energy and Resource Allocation: A Dynamic Model of the "Dutch Disease"
构建了一个动态模型，分析资源发现如何导致开放经济中制造业萎缩的“荷兰病”，考虑了资本短期专用与长期流动、国际资本流动及前瞻性优化行为，并通过数值模拟求解。
It is well known that a domestic resource discovery gives rise to wealth effects that cause a squeeze of the tradeable good sector of an open economy. The decline of the manufacturing sector following an energy discovery has been termed the "Dutch disease," and has been investigated in many recent studies. Our model extends the principally static analyses to date by allowing for: (1) short-run capital specificity and long-run capital mobility; (2) international capital flows; and (3) far-sighted intertemporal optimizing behavior by households and firms. The model is solved by numerical simulation.