The Dutch Disease: evidences from Russia

Abstract

Dutch Disease, Oil price, VECM analysis, C22, F14, P27,

Structural breaks and twin deficits hypothesis in African countries

“…The remaining variables are real interest rates, real exchange rates and real GDP 4 . The real GDP is the key macro variable representing the broad economic performance, and it is included in the model to control for the cyclical components of the government budget de…cit 5 . Thus, the twin de…cit model can be represented as:…”

Demystifying Dutch Disease

“…Obviously, the outcome of an export boom can differ 24 Examples of the first group include Arezki and Ismail (2010), Rajan andSubramanian (2011), andLartey et al (2012). For the second type of studies, see Richards (1994), Oomes and Kalcheva (2007) and Algieri (2011). For the last type, see Dobrynskaya and Turkisch (2010).…”

Examining Dutch disease across Australian regions

“…Using a similar time‐series analysis to that of Égert (), Égert and Leonard () found evidence for Dutch disease in Kazakhstan. Ismail () employed fixed‐effect panel regression to test 15 oil‐exporting countries in the Middle East and found Dutch disease to cause harm to “their potential economic performance.” Algieri () used time‐series analysis—cointegration and causality tests—to confirm three “symptoms” of Dutch disease in Russia. Ruehle and Kulkarni () availed OLS to investigate whether Chile suffered from Dutch disease and found that fiscal and monetary discipline reduced the severity of Dutch disease.…”

“…The models used for testing Dutch disease in Australia are based on Algieri () and Dülger et al. () which involves testing for the following symptoms of Dutch disease and the effect of the mining boom on deindustrialisation.…”