Dutch Disease in Former Soviet Union: Witch-Hunting
AbstractThis study seeks to determine the extent to which countries of the former Soviet Union are "infected" by the Dutch Disease. We take a detailed look at the functioning of the transmission mechanism of the Dutch Disease, i.e. the chains that run from commodity prices to real output in manufacturing. We complement this with two econometric exercises. First, we estimate nominal and real exchange rate models to see whether commodity prices are correlated with the exchange rate. Second, we run growth equations to analyse the possible effects of commodity prices and the dependency of economic growth on natural resources.
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Bibliographic InfoPaper provided by CASE-Center for Social and Economic Research in its series CASE Network Studies and Analyses with number 0380.
Length: 30 Pages
Date of creation: 2009
Date of revision:
Dutch disease; exchange rate; growth; oil; commodity prices; CIS; transition;
Other versions of this item:
- Égert, Balázs, 2009. "Dutch disease in former Soviet Union: Witch-hunting?," BOFIT Discussion Papers 4/2009, Bank of Finland, Institute for Economies in Transition.
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
- F31 - International Economics - - International Finance - - - Foreign Exchange
- O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
- P17 - Economic Systems - - Capitalist Systems - - - Performance and Prospects
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-02-20 (All new papers)
- NEP-ENE-2010-02-20 (Energy Economics)
- NEP-IFN-2010-02-20 (International Finance)
- NEP-MAC-2010-02-20 (Macroeconomics)
- NEP-TRA-2010-02-20 (Transition Economics)
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