Skip to main content

Dutch Disease

  • Reference work entry
  • First Online:
The New Palgrave Dictionary of Economics
  • 309 Accesses

Abstract

This article outlines the ‘Dutch disease’, the fear of de-industrialization first seen in the Netherlands in the wake of the appreciation of the Dutch guilder following the discovery of natural gas deposits in the North Sea around 1960. It considers its symptoms, and asks whether it is indeed a ‘disease’ with negative economic implications. It also briefly reviews some cases of Dutch disease, and the case of Norway, which appears to have successfully avoided it.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Subscribe and save

Springer+ Basic
EUR 32.99 /Month
  • Get 10 units per month
  • Download Article/Chapter or Ebook
  • 1 Unit = 1 Article or 1 Chapter
  • Cancel anytime
Subscribe now

Buy Now

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 6,499.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Hardcover Book
USD 8,499.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Similar content being viewed by others

Bibliography

  • Corden, W.M. 1984. Booming sector and Dutch disease economics: Survey and consolidation. Oxford Economic Papers 36: 359–380.

    Article  Google Scholar 

  • Corden, W.M., and J.P. Neary. 1982. Booming sector and de-industrialisation in a small open economy. Economic Journal 92: 825–848.

    Article  Google Scholar 

  • Ross, M. 2001. Does oil hinder democracy? World Politics 53: 325–361.

    Article  Google Scholar 

  • Van Wijnbergen, S. 1984. The ‘Dutch disease’: A disease after all? Economic Journal 94: 41–45.

    Article  Google Scholar 

  • Wenar, L. 2008. Property rights and the resource curse. Philosophy and Public Affairs 36: 1–32.

    Article  Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Editor information

Copyright information

© 2018 Macmillan Publishers Ltd.

About this entry

Check for updates. Verify currency and authenticity via CrossMark

Cite this entry

Gylfason, T. (2018). Dutch Disease. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_1978

Download citation

Publish with us

Policies and ethics