{
  "title": "Diagnosing Dutch Disease: Does Russia Have the Symptoms?",
  "publication": "IMF Working Papers, April 1, 2007",
  "sourceUrl": "https://www.imf.org/en/publications/wp/issues/2016/12/31/diagnosing-dutch-disease-does-russia-have-the-symptoms-20650",
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  "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.",
  "sections": [
    {
      "heading": "Authors and Publication",
      "content": "- By Katerina Kalcheva, Nienke Oomes\n- April 1, 2007\n- IMF Working Papers, Series: Working Paper No. 2007/102, Issue: 102, Volume: 2007\n- Pages: 32\n- DOI: https://doi.org/10.5089/9781451866667.001\n- ISBN: 9781451866667\n- ISSN: 1018-5941\n- Stock No: WPIEA2007102"
    },
    {
      "heading": "Research Objective and Scope",
      "content": "- Assess whether recent economic developments in Russia are symptomatic of Dutch Disease.\n- Provide a brief review of the literature on Dutch Disease and the natural resource curse.\n- Test predictions for Russia while carefully controlling for other factors that could have led to similar symptoms."
    },
    {
      "heading": "Symptoms of Dutch Disease (as discussed in the paper)",
      "content": "- (1) real exchange rate appreciation\n- (2) slower manufacturing growth\n- (3) faster service sector growth\n- (4) higher overall wages"
    },
    {
      "heading": "Methodology (summary of approach)",
      "content": "- Review of existing literature on Dutch Disease and the natural resource curse.\n- Empirical testing of the four listed symptoms for Russia.\n- Careful control for other factors that could produce similar outcomes (details of controls and empirical strategy are presented in the paper)."
    },
    {
      "heading": "Key Findings and Conclusions",
      "content": "- Russia exhibits all of the listed symptoms of Dutch Disease:\n  - Real exchange rate appreciation is present.\n  - Manufacturing growth has been slower.\n  - Service sector growth has been faster.\n  - Overall wages have increased.\n- Final assessment: \"while Russia has all of the symptoms, the diagnosis of Dutch Disease remains to be confirmed.\""
    },
    {
      "heading": "Subjects and Keywords",
      "content": "- Subject: Dutch disease, Manufacturing, Oil prices, Real exchange rates, Services sector\n- Keywords: appreciation, movement effect, price, Russia, service sector, WP\n\nIMF Working Paper — Diagnosing Dutch Disease: Does Russia Have the Symptoms?\n\n---\n\n Content in this bundle\n\n- Wp07102\n  - Wp07102 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Wp07102 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/diagnosing-dutch-disease-does-russia-have-the-symptoms-20650"
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    "Authors: Katerina Kalcheva, Nienke Oomes",
    "Published: April 1, 2007",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781451866667.001",
    "By Katerina Kalcheva, Nienke Oomes",
    "April 1, 2007",
    "IMF Working Papers, Series: Working Paper No. 2007/102, Issue: 102, Volume: 2007",
    "Pages: 32",
    "DOI: https://doi.org/10.5089/9781451866667.001",
    "ISBN: 9781451866667",
    "ISSN: 1018-5941",
    "Stock No: WPIEA2007102",
    "Assess whether recent economic developments in Russia are symptomatic of Dutch Disease.",
    "Provide a brief review of the literature on Dutch Disease and the natural resource curse.",
    "Test predictions for Russia while carefully controlling for other factors that could have led to similar symptoms.",
    "(1) real exchange rate appreciation",
    "(2) slower manufacturing growth",
    "(3) faster service sector growth",
    "(4) higher overall wages",
    "Review of existing literature on Dutch Disease and the natural resource curse.",
    "Empirical testing of the four listed symptoms for Russia.",
    "Careful control for other factors that could produce similar outcomes (details of controls and empirical strategy are presented in the paper).",
    "Russia exhibits all of the listed symptoms of Dutch Disease:",
    "Final assessment: \"while Russia has all of the symptoms, the diagnosis of Dutch Disease remains to be confirmed.\"",
    "Subject: Dutch disease, Manufacturing, Oil prices, Real exchange rates, Services sector",
    "Keywords: appreciation, movement effect, price, Russia, service sector, WP",
    "**Wp07102**"
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