|
|
|
|
Author/Editor:
|
Oomes, Nienke ; Kalcheva, Katerina
|
|
|
|
|
|
Publication Date:
|
April 01, 2007
|
|
|
|
Electronic Access:
|
Free Full text
(PDF file size is 424KB).
Use the free
Adobe Acrobat Reader
to view this PDF file
|
|
|
Disclaimer: This Working Paper should not be reported as representing the views of the IMF.
The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
|
|
|
|
|
Summary:
In this paper, we assess whether recent economic developments in Russia are symptomatic of Dutch Disease. We first provide a brief review of the literature on Dutch Disease and the natural resource curse. We then discuss the symptoms of Dutch Disease, which include (1) real exchange rate appreciation; (2) slower manufacturing growth; (3) faster service sector growth; and (4) higher overall wages. We test these predictions for Russia while carefully controlling for other factors that could have led to similar symptoms. We conclude that, while Russia has all of the symptoms, the diagnosis of Dutch Disease remains to be confirmed.
|
|
|
|
Order a print copy
|
|
|
|
|
|
Series:
|
Working Paper No. 07/102
|
|
|
|
|
|
Subject(s):
|
Oil | Russian Federation | Exchange rates | Natural resources | Economic reforms
|
|
|
Author's Keyword(s):
|
Dutch Disease | Russia | oil | real exchange rate | transition |
|
|
|
|
|
|
|
|
