Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/212598 
Year of Publication: 
2007
Series/Report no.: 
BOFIT Discussion Papers No. 7/2007
Publisher: 
Bank of Finland, Institute for Economies in Transition (BOFIT), Helsinki
Abstract: 
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.
Subjects: 
Dutch disease
real exchange rate
resource curse
Russia
oil
transition
JEL: 
F30
P28
Q30
Persistent Identifier of the first edition: 
ISBN: 
978-952-462-861-7
Document Type: 
Working Paper

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