Dutch disease and Russia

Katsuya Ito

International Economics, 2017, vol. 151, issue C, 66-70

Abstract: We attempted to investigate empirically whether or not the Dutch disease (de-industrialization) exists in Russia. This study led to the following main findings: (i) manufacturing output in Russia is positively associated with the price of oil, though the response following an oil-price shock is marginal in the short run; (ii) manufacturing output rises slightly even in case of the appreciation of real effective exchange rate; (iii) FDI inflows contribute to the growth of manufacturing output, but not significant; (iv) an increase in government expenditures crowds out the manufacturing sector; and (v) the government has a tight fiscal policy in response to a rise in manufacturing output.

Keywords: Dutch Disease; Manufacturing output; Russia (search for similar items in EconPapers)
JEL-codes: O5 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (16)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:inteco:v:151:y:2017:i:c:p:66-70

DOI: 10.1016/j.inteco.2017.04.001

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