## Diagnosing Dutch Disease: Does Russia Have the Symptoms?

_IMF Working Papers, April 1, 2007_

## Source details

**Canonical URL:** [Diagnosing Dutch Disease: Does Russia Have the Symptoms?](https://www.imf.org/en/publications/wp/issues/2016/12/31/diagnosing-dutch-disease-does-russia-have-the-symptoms-20650)

## Other formats

- [Markdown version](/en/publications/wp/issues/2016/12/31/diagnosing-dutch-disease-does-russia-have-the-symptoms-20650/index.md)
- [Structured JSON version](/en/publications/wp/issues/2016/12/31/diagnosing-dutch-disease-does-russia-have-the-symptoms-20650/index.json)
- [Bundle manifest](/en/publications/wp/issues/2016/12/31/diagnosing-dutch-disease-does-russia-have-the-symptoms-20650/bundle-manifest.json)

## Bibliographic details
- Authors: Katerina Kalcheva, Nienke Oomes
- Published: April 1, 2007
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781451866667.001

---

### Authors and Publication
- 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

### Research Objective and Scope
- 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.

### Symptoms of Dutch Disease (as discussed in the paper)
- (1) real exchange rate appreciation
- (2) slower manufacturing growth
- (3) faster service sector growth
- (4) higher overall wages

### Methodology (summary of approach)
- 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).

### Key Findings and Conclusions
- Russia exhibits all of the listed symptoms of Dutch Disease:
  - Real exchange rate appreciation is present.
  - Manufacturing growth has been slower.
  - Service sector growth has been faster.
  - Overall wages have increased.
- Final assessment: "while Russia has all of the symptoms, the diagnosis of Dutch Disease remains to be confirmed."

### Subjects and Keywords
- Subject: Dutch disease, Manufacturing, Oil prices, Real exchange rates, Services sector
- Keywords: appreciation, movement effect, price, Russia, service sector, WP

*IMF Working Paper — Diagnosing Dutch Disease: Does Russia Have the Symptoms?*

---

## Content in this bundle

- **Wp07102**
  - [Wp07102 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/wp/2007/_wp07102.pdf.md){rel="alternate" type="text/markdown"}
  - [Wp07102 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/wp/2007/_wp07102.pdf){rel="external" type="application/pdf"}

---

_Source: https://www.imf.org/en/publications/wp/issues/2016/12/31/diagnosing-dutch-disease-does-russia-have-the-symptoms-20650_