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Discovering the signs of Dutch disease in Russia

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  • Mironov, Valeriy V.
  • Petronevich, Anna V.

Abstract

This paper examines the problem of Dutch disease in Russia during the oil boom of the 2000s, from both the theoretical and empirical points of view. Our analysis is based on the classical model of Dutch disease by Corden and Neary (1982). We examine the relationship between changes in the real effective exchange rate of the ruble and the evolution of the Russian economic structure during the period 2002–2013.

Suggested Citation

  • Mironov, Valeriy V. & Petronevich, Anna V., 2015. "Discovering the signs of Dutch disease in Russia," Resources Policy, Elsevier, vol. 46(P2), pages 97-112.
  • Handle: RePEc:eee:jrpoli:v:46:y:2015:i:p2:p:97-112
    DOI: 10.1016/j.resourpol.2015.09.007
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    Citations

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    Cited by:

    1. Chuffart, Thomas & Hooper, Emma, 2019. "An investigation of oil prices impact on sovereign credit default swaps in Russia and Venezuela," Energy Economics, Elsevier, vol. 80(C), pages 904-916.
    2. Mironov, Valeriy V. & Petronevich, Anna V., 2015. "Discovering the signs of Dutch disease in Russia," Resources Policy, Elsevier, vol. 46(P2), pages 97-112.
    3. Aganin, Artem & Peresetsky, Anatoly, 2018. "Volatility of ruble exchange rate: Oil and sanctions," Applied Econometrics, Publishing House "SINERGIA PRESS", vol. 52, pages 5-21.
    4. Ville Kaitila, 2016. "GDP growth in Russia: different capital stock series and the terms of trade," Post-Communist Economies, Taylor & Francis Journals, vol. 28(2), pages 129-145, April.
    5. Akindinova, N. & Nazarova, A. & Chepel', A., 2018. "Far East Priority: Macro-Sectors in the Russian Economy: Structural Aspects and Responses to the External Conditions Changes," Journal of the New Economic Association, New Economic Association, vol. 39(3), pages 128-137.
    6. Abdulaziz Hamad Algaeed, 2017. "Oil Price Fluctuations and the Future of Saudi Arabian Non-Oil Traded Sector: An Empirical Investigation," Journal of Economics and Behavioral Studies, AMH International, vol. 9(4), pages 217-229.
    7. Gasmi, Farid & Laourari, Imène, 2017. "Has Algeria suffered from the dutch disease?: Evidence from 1960–2013 data," TSE Working Papers 17-780, Toulouse School of Economics (TSE).
    8. Mahadeo, Scott M.R. & Heinlein, Reinhold & Legrenzi, Gabriella D., 2019. "Energy contagion analysis: A new perspective with application to a small petroleum economy," Energy Economics, Elsevier, vol. 80(C), pages 890-903.
    9. repec:fru:finjrn:170502:p:20-32 is not listed on IDEAS
    10. Mahadeo, Scott M.R. & Heinlein, Reinhold & Legrenzi, Gabriella D., 2019. "Energy contagion analysis: A new perspective with application to a small petroleum economy," Energy Economics, Elsevier, vol. 80(C), pages 890-903.
    11. repec:gam:jecomi:v:5:y:2017:i:2:p:13-:d:96167 is not listed on IDEAS
    12. Nasir, Muhammad Ali & Naidoo, Lutchmee & Shahbaz, Muhammad & Amoo, Nii, 2018. "Implications of oil prices shocks for the major emerging economies: A comparative analysis of BRICS," Energy Economics, Elsevier, vol. 76(C), pages 76-88.
    13. repec:eee:jrpoli:v:52:y:2017:i:c:p:90-99 is not listed on IDEAS
    14. repec:far:spaeco:y:2018:i:4:p:92-114 is not listed on IDEAS
    15. repec:eee:jrpoli:v:61:y:2019:i:c:p:166-179 is not listed on IDEAS

    More about this item

    Keywords

    Dutch disease; Resource curse; Real effective exchange rate; Cointegration model; Economic policy; Russia;

    JEL classification:

    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models

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