Dutch disease in former Soviet Union: witch-hunting?

Balázs Égert

No 4/2009, BOFIT Discussion Papers from Bank of Finland Institute for Emerging Economies (BOFIT)

Abstract: This 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 trans-mission 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.

Keywords: Dutch disease; commodity prices; exchange rate; Commonwealth of Independent States (search for similar items in EconPapers)
JEL-codes: E31 E32 F31 Q33 (search for similar items in EconPapers)
Date: 2009
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Working Paper: Dutch Disease in Former Soviet Union: Witch-Hunting (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:bofitp:bdp2009_004

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