Norges Bank paper finds ‘booming' resource sector has ‘significant' productivity spillovers
Paper also finds that non-traded industries grow at a faster pace than traded
A booming resource sector has substantial productivity spillovers on non-resource sectors, according to a Norges Bank working paper, which adds these effects have not been captured in previous analyses.
Boom or gloom? Examining the Dutch disease in two-speed economies by Hilde Bjørnland and Leif Anders Thorsrud notes that traditional studies of ‘Dutch disease' do not account for productivity spillovers between the booming resource sector and other domestic sectors.
Using Australia and Norway as
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