The Dutch Desease: A Case of Russian Economy?

  • Recent economic recession in Russia raises the question whether it could be a consequence of the Dutch disease. This thesis attempts to find out if Russia is sick with Dutch disease. The following symptoms of the disease are derived from the theoretical model by Corden and Neary (1982): (A) the appreciation of the real exchange rate; (B) the contraction of tradable sector and the growth of non-tradable sector; (C) the overall increase of real wages in the economy. The symptoms are empirically investigated through analysing the statistical data from Rosstat and other databases. The results of analysis show that all examined symptoms of Dutch disease are present in Russia. However, some of these symptoms could be explained by other factors like rise in productivity or ‘de-shadowization’ of wages, which could have induced the same effects on the economy. Nevertheless, all facts indicate a high risk of Dutch disease presence in Russia. Therefore, the government and the Bank of Russia should implement the appropriate fiscal and monetary policies such as expansion of the size of sovereign stabilization fund and the improvement of its governance as well as introduction of smart inflation targeting approach.

Download full text files

  • Subocheva,Alina_BA_2017.pdf
    eng

Export metadata

Additional Services

Share in Twitter Search Google Scholar Statistics
Metadaten
Author:Alina Subocheva
URN:urn:nbn:de:kobv:b721-opus4-14630
Referee:Michael Tolksdorf
Advisor:Tolga Ülkü
Document Type:Bachelor Thesis
Language:English
Date of first Publication:2019/02/01
Publishing Institution:Hochschulbibliothek HWR Berlin
Granting Institution:Hochschule für Wirtschaft und Recht Berlin
Date of final exam:2017/08/17
Release Date:2019/02/01
Page Number:62
Institutes:FB I - Wirtschaftswissenschaften
Licence (German):License LogoUrheberrechtsschutz