A case study of an advanced Dutch disease: The Russian oil

Giovanni Covi

MPRA Paper from University Library of Munich, Germany

Abstract: The paper aims at investigating the dependency of the Russian economy on natural resources, underlining the causes and the possible consequences of this growth model. The analysis tries to evaluate if the Russian manufacturing has contracted the “Dutch Disease”, that is, if a boom in the oil and gas industry has led to a process of de-industrialization, directly through the resource movement effect and indirectly through the spending effect. In this investigation it will be emphasized the role played by the learning curves as a crucial factor in determining the comparative advantages of a country, and why an excessive reliance on exports of a single product may reduce the welfare of a nation in the long run.

Keywords: Economic; development; -; Dutch; disease; -; Natural; Resource; Curse; –; Oil; dependence; –; Industrial; policy; –; Russian; economic; growth (search for similar items in EconPapers)
JEL-codes: E52 O11 P28 Q32 Q33 Q43 Q48 (search for similar items in EconPapers)
Date: 2013-05-02
New Economics Papers: this item is included in nep-cis, nep-ene, nep-mac and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:46670

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