Abstract:
This paper discusses results obtained recently concerning Dutch Disease as one of the most popular explanation of “natural resource curse”. First, I look at Dutch Disease’ mechanism and discuss the question why Dutch Disease might be harmful for economic growth. Then I surveys main empirical findings related to diagnostic of Dutch disease as well as effects of Dutch disease on economic performance. Also I discuss the question, whether Russian economy suffered from Dutch Disease in 2000s. It was shown that in spite of high dependence on commodity goods export, Russian economy didn’t experience Dutch Disease.
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