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Diagnosing Dutch Disease : Does Russia Have the Symptoms? / Katerina Kalcheva, Nienke Oomes.
- Format:
- Book
- Government document
- Author/Creator:
- Kalcheva, Katerina.
- Series:
- IMF Working Papers; Working Paper ; No. 2007/102
- IMF Working Papers
- Language:
- English
- Subjects (All):
- Foreign exchange rates--Russia.
- Foreign exchange rates.
- Economic development--Russia.
- Economic development.
- Physical Description:
- 1 online resource (34 p.)
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 2007.
- Language Note:
- English
- Summary:
- 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.
- Contents:
- Contents; I. Introduction; Figures; 1. Oil Production and Export of Crude Oil, 1995-2005; II. Explaining the Natural Resource Curse; 2. Primary Exports and GDP Growth per Capita; Tables; 1. Summary of Dutch Disease Symptoms; III. Evidence of Dutch Disease in Russia; A. Real Appreciation; 2. Real Exchange Rate Determinants: Estimated Cointegrating Vectors; 3. Real Effective Exchange Rate and Its Determinants, 1995-2005; B. Manufacturing Sector Decline and Service Sector Growth; 4. Estimated Real Exchange Rate Misalignment, 1997-2005; 5. Sectoral Economic Indicators, 1997-2004
- 6. Industrial Growth Rates by Sector3. Real Effective Exchange Rate and Its Determinants: Estimated Cointegrating Vectors; C. Wage Growth; IV. Conclusion; Appendix; Descriptive Statistics; References
- Notes:
- "April 2007".
- Includes bibliographical references.
- Description based on print version record.
- ISBN:
- 9786613821461
- 9781462307401
- 146230740X
- 9781452712789
- 1452712786
- 9781282448278
- 1282448277
- 9781451911190
- 145191119X
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