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on. ? The spending movement effect occurs as a result of the extra revenue brought in by the resource boom. It increases the demand for labor in the nontradable, shifting labor away from the lagging sector. This shift from the lagging sector to the nontradable sector is called indirectdeindustrialization. As a result of the increased demand for nontraded goods, the price of these goods will increase. 2020/9/15 9 Dutch disease (3) ? 山西經(jīng)濟(jì):一個(gè)被資源詛咒的樣本?!?經(jīng)濟(jì)研究 》 2020年第 1期: 《 自然資源豐裕程度與經(jīng)濟(jì)發(fā)展水平關(guān)系的研究 》 也證明了這一點(diǎn)。tiri?reit]惡化 . On the other hand, if growth reduce the nation’s volume of trade at constant price, then the nation’s TOT tend to improve. ? Wealth effect Refers to the change in the output per worker or per person as a result of growth. 2020/9/15 19 Growth and Trade: The LargeCountry Case (1) 2020/9/15 20 Growth and Trade: The LargeCountry Case (2) 2020/9/15 21 Immiserizing Growth (1) ? Even if the wealth effect, by itself, tends to increase the nation’s welfare, the TOT may deteriorate so much as to lead to a decline in the nation’s welfare. ? Immiserizing growth happens when: (a) growth increases expor