From natural resource boom to sustainable economic growth: Lessons from Mongolia
Bin Grace Li,
Pranav Gupta and
Jiangyan Yu
International Economics, 2017, issue 151, 7-25
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: Natural resources management; Debt sustainability; Public investment (search for similar items in EconPapers)
JEL-codes: F34 Q32 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (12)
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Journal Article: From natural resource boom to sustainable economic growth: Lessons from Mongolia (2017)
Working Paper: From Natural Resource Boom to Sustainable Economic Growth: Lessons for Mongolia (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:cii:cepiie:2017-q3-151-2
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