Abstract(s) :
(Anglais) This paper studies the impact of resource booms on the agricultural sector of three oil-exporting developing
countries (i.e. The Republic of Congo, Gabon and Nigeria). We use vector autoregressive (VAR) and vector
error correcting (VEC) models on time series with annual frequency running from 1991 to 2018. The results
suggest the presence of spending effects in the three countries and of resource movement effects in Congo. This
tends to confirm the hypothesis of Dutch disease in the three countries. Moreover, this analysis contributes to the
relatively scarce literature relating Dutch disease to the agricultural sector rather than to the manufacturing
sector. The results show that oil shocks are a major source of disturbance in the agricultural sector in resourcerich
developing countries. Given the importance of agriculture in developing countries, and given the
problematic of food security in such regions, we believe that a greater focus should be put on the relationship
that may exist between resource booms and agricultural production.
Keywords: Dutch disease, resource curse, Time series, VAR models, VEC models
(Anglais) This paper studies the impact of resource booms on the agricultural sector of three oil-exporting developing
countries (i.e. The Republic of Congo, Gabon and Nigeria). We use vector autoregressive (VAR) and vector
error correcting (VEC) models on time series with annual frequency running from 1991 to 2018. The results
suggest the presence of spending effects in the three countries and of resource movement effects in Congo. This
tends to confirm the hypothesis of Dutch disease in the three countries. Moreover, this analysis contributes to the
relatively scarce literature relating Dutch disease to the agricultural sector rather than to the manufacturing
sector. The results show that oil shocks are a major source of disturbance in the agricultural sector in resourcerich
developing countries. Given the importance of agriculture in developing countries, and given the
problematic of food security in such regions, we believe that a greater focus should be put on the relationship
that may exist between resource booms and agricultural production.
Keywords: Dutch disease, resource curse, Time series, VAR models, VEC models