Resumen

MURADOV, Anar. Natural resources, national income, and resource movement effect under a rent-seeking monopoly. El trimestre econ [online]. 2023, vol.90, n.357, pp.119-154.  Epub 09-Jun-2023. ISSN 2448-718X.  https://doi.org/10.20430/ete.v90i357.1486.

In this paper, a new model is developed by referring to the literature on Dutch disease and rent-seeking for explaining how a natural resource boom in the energy sector decreases national income and induces a resource movement effect under a rent-seeking monopoly. In such a model, it is shown that the resource movement effect certainly occurs during the boom where labor inputs will move to the energy sector from the services sector. Moreover, the boom facilitates rent-seeking and decreases national income.

Palabras llave : Monopoly; rent-seeking; Dutch disease; natural resources; national income; energy; D24; D42; D50; D72; O12; O13.