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Booming Hydrocarbon Exports, De-Agriculturalization and Food Security in Trinidad and Tobago AgEcon
Hosein, Roger.
During the 1970s the Trinidad and Tobago (T&T) economy experienced an oil boom because of increases in the level and production of crude oil and in the price each barrel of crude oil fetched on the international market. In the late 1990s to the present, the T&T economy has benefited from another hydrocarbon boom. This paper traces the trends in export agriculture, sugar and domestic agriculture during the first and second oil booms. Using the falling share of labour employed in a sector as a reflection of de-industrialization, the analysis reveals that during the first oil boom all three components of the agricultural sector were de-industrialized although in the period until 1993 these same sectors showed clear signs of re-industrialization....
Tipo: Journal Article Palavras-chave: Trinidad and Tobago; Food security; Dutch Disease; Agribusiness; Agricultural and Food Policy; Agricultural Finance; Food Security and Poverty.
Ano: 2007 URL: http://purl.umn.edu/36801
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Exogenous Oil Shocks, Fiscal Policy and Sector Reallocations in Oil Producing Countries AgEcon
Cologni, Alessandro; Manera, Matteo.
Previous literature has suggested that different mechanisms of transmission of exogenous oil shocks are responsible for the negative effects on the economic performances of oil exporting countries. This paper aims at providing further evidence on the role of sectoral reallocation between private and public sectors in explaining the impact of shocks to oil revenues on the economic growth rates of major oil producing countries (namely the GCC - Gulf Corporation Council - countries). The effects of oil shocks and expansionary fiscal policy on the business cycle of oil producing countries are examined. The possibility to distinguish between various components of public sector spending policy (that is, purchases of consumption goods, investments in productive...
Tipo: Working or Discussion Paper Palavras-chave: Oil Shocks; Dutch Disease; Resource Curse and Real Business Cycle Modelling; Resource /Energy Economics and Policy; C61; E22; E62; Q48.
Ano: 2011 URL: http://purl.umn.edu/115726
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