Diagnosing Dutch Disease: Does Russia Have the Symptoms?

By Katerina Kalcheva, N. Oomes. Social Science Research Network, 2007

225 citations recorded by the source corpus.

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.

Subfields: Building and Construction, Economics and Econometrics, Sociology and Political Science

View Paper: https://www.semanticscholar.org/paper/5cf55692bbcde6dc7100079bd007acbd17e9aebd

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. C. Leonard
2. Marzio Galeotti
3. F. Hasanov
4. Jeyhun I. Mikayilov
5. Balázs Égert
6. Alessio Ciarlone

In Sociology and Political Science

1. Marzio Galeotti
2. Balázs Égert

Citations in the corpus

• The impact of economic growth on CO2 emissions in Azerbaijan (2018, background): “Instead, other less carbon emitting sectors, like services, tourism etc., developed and grew (Hasanov, 2013; Oomes and Kalcheva, 2007).”
• Dutch Disease Scare in Kazakhstan: Is it real? (2008, background): “7 It should be noted that the share of the nontradable sector in GDP and in total employment should decrease according to the resource movement effect and it should increase according to the spending effect (see Oomes and Kalcheva, 2007, for a summary of the effects of the Dutch disease).”