Dutch disease in Russian and Armenian economies

Sergey Aivazian, Alexander Bereznyatskiy (artandtech@yandex.ru) and Boris Brodsky (bbrodsky@yandex.ru)
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Alexander Bereznyatskiy: CEMI RAS, Moscow, Russia
Boris Brodsky: CEMI RAS, Moscow, Russia

Applied Econometrics, 2014, vol. 36, issue 4, 32-60

Abstract: Hypothesis of Dutch disease in Russian and Armenian economies is tested in the paper. Theoretical macroeconomic modeling and econometric verification with co-integration and ECM expose some relationships which suggest the presence of Dutch disease in both economies, caused in case of Russian economy by huge oil export and in Armenian by migration and private transfers.

Keywords: Dutch disease; Russian economy; Armenian economy; co-integration; ECM (search for similar items in EconPapers)
JEL-codes: C51 C82 O11 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:ris:apltrx:0248

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