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Dutch Disease in the Post-Soviet Countries of Central and South-West Asia: How Contagious is it?

Balázs Égert

No 2013-10, EconomiX Working Papers from University of Paris Nanterre, EconomiX

Abstract: This study seeks to determine the extent to which the former communist states of Central and South-West Asia are “infected” by the Dutch Disease. We take a detailed look at the functioning of the transmission 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: Oil price Dutch Disease; Real exchange rate Natural resource; Economic growth (search for similar items in EconPapers)
JEL-codes: E31 F31 O11 P17 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ene, nep-mac and nep-opm
Date: 2013
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Related works:
Working Paper: Dutch Disease in the Post-Soviet Countries of Central and South-West Asia: How Contagious is it? (2013) Downloads
Working Paper: Dutch diease in the post-soviet countries of central and south-west Asia: How contagious is it? (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:drm:wpaper:2013-10

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