The Economic Effects of North Sea Oil on the Manufacturing Sector
AbstractThis paper analyzes the economic effects of the oil and gas sector (energy booms) on manufacturing output in two energy producing countries: Norway and the United Kingdom. In particular, the author investigates whether there is evidence of a 'Dutch disease,' that is whether energy booms have had adverse effects on manufactures. In addition to energy booms, three other types of structural disturbances are identified; demand, supply, and oil price shocks. The different disturbances are identified by imposing dynamic restrictions on a vector autoregressive model. Overall, there is only weak evidence of a Dutch disease in the United Kingdom, whereas manufacturing output in Norway has actually benefited from energy discoveries and higher oil prices. Copyright 1998 by Scottish Economic Society.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Scottish Economic Society in its journal Scottish Journal of Political Economy.
Volume (Year): 45 (1998)
Issue (Month): 5 (November)
Contact details of provider:
Web page: http://www.blackwellpublishing.com/journal.asp?ref=0036-9292
More information through EDIRC
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Kablan, Sandrine & Loening, Josef, 2012. "Is Chad affected by Dutch or Nigerian disease?," MPRA Paper 39799, University Library of Munich, Germany, revised 02 Jul 2012.
- Manfred Wiebelt & Rainer Schweickert & Clemens Breisinger & Marcus Böhme, 2011.
"Oil revenues for public investment in Africa: targeting urban or rural areas?,"
Review of World Economics (Weltwirtschaftliches Archiv), Springer,
Springer, vol. 147(4), pages 745-770, November.
- Marcus Böhme & Clemens Breisinger & Rainer Schweickert & Manfred Wiebelt, 2010. "Oil revenues for public investment in Africa: targeting urban or rural areas?," Kiel Working Papers 1623, Kiel Institute for the World Economy.
- Bjørnland, Hilde C. & Hungnes, Håvard, 2003.
"Fundamental determinants of the long run real exchange rate: The case of Norway,"
Memorandum, Oslo University, Department of Economics
23/2002, Oslo University, Department of Economics.
- Hilde Christiane Bjørnland & Håvard Hungnes, 2002. "Fundamental determinants of the long run real exchange rate: The case of Norway," Discussion Papers, Research Department of Statistics Norway 326, Research Department of Statistics Norway.
- Kenneth W Clements & Yihui Lan & John Roberts, 2007.
"Exchange-Rate Economics for the Resources Sector,"
Economics Discussion / Working Papers, The University of Western Australia, Department of Economics
07-13, The University of Western Australia, Department of Economics.
- Guidi, Francesco, 2009.
"The economic effects of oil prices shocks on the UK manufacturing and services sector,"
16171, University Library of Munich, Germany.
- Francesco Guidi, 2010. "The Economic Effects of Oil Prices Shocks on the UK Manufacturing and Services Sectors," The IUP Journal of Applied Economics, IUP Publications, vol. 0(4), pages 5-34, October.
- Erling Røed Larsen, 2004. "Escaping the Resource Curse and the Dutch Disease? When and Why Norway Caught up with and Forged ahead of Its Neighbors," Discussion Papers, Research Department of Statistics Norway 377, Research Department of Statistics Norway.
- Erling Røed Larsen, 2003. "Are Rich Countries Immune to the Resource Curse? Evidence from Norway's Management of Its Oil Riches," Discussion Papers, Research Department of Statistics Norway 362, Research Department of Statistics Norway.
- Mahmud, Hassan, 2009. "Oil Price Shocks and Monetary Policy Aggregates in Nigeria: A Structural VAR Approach," MPRA Paper 25908, University Library of Munich, Germany.
- Jiménez-Rodríguez, Rebeca & Sánchez, Marcelo, 2004. "Oil price shocks and real GDP growth: empirical evidence for some OECD countries," Working Paper Series, European Central Bank 0362, European Central Bank.
- Hahn, Elke, 2003. "Pass-through of external shocks to euro area inflation," Working Paper Series, European Central Bank 0243, European Central Bank.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing) or (Christopher F. Baum).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.