PhD defence: Edouard Mien

Pertinence et limites du syndrome hollandais dans les pays en développement : le cas des ressources naturelles en Afrique

Jury

Michaël Goujon, Associate Professor, Université Clermont Auvergne
Valérie Mignon, Professor, Université Paris Nanterre
Serge Rey, Professor, Université de Pau et des Pays de l’Adour
Hélène Djoufelkit, Director-Economic Analysis and Policy Dialogue, Agence Française de Développement
Rabah Arezki, Chief Economist, Banque Mondiale
Grégoire Rota-Graziosi, Professor, Université Clermont Auvergne

Abstract

This thesis is dedicated to the understanding of the “Dutch disease” theory and its implications for developing countries. To that aim, it questions some of the main underlying assumptions of theoretical Dutch disease models, and tests their relevance based on empirical evidence for resource-rich African countries. The thesis is decomposed into four chapters. The first chapter reviews the theoretical and empirical literature on Dutch disease, both to show the importance of this concept for developing countries and to highlight its limitations. Chapter 2 discusses different definitions of real exchange rates and estimate the impact of oil revenues on five exchange rate indicators in a panel of nine African oil exporting countries between 1995 and 2017. Chapter 3 tries to distinguish the Dutch disease from the pass-through effect by investigating the impact of oil price and production shocks on domestic inflation in five African countries that are both net oil exporters and oil consumers between 1995 and 2019. The final chapter assesses the impact of extractives resources on value-added in agriculture, manufacture, construction and services in a panel of 50 African countries between 1995 and 2019.

Keywords

Dutch disease ; Natural resources ; Exchange rates ; Structural transformations ; Africa

www.theses.fr/s226171