Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/184425 
Year of Publication: 
2017
Citation: 
[Journal:] Comparative Economic Research. Central and Eastern Europe [ISSN:] 2082-6737 [Volume:] 20 [Issue:] 1 [Publisher:] De Gruyter [Place:] Warsaw [Year:] 2017 [Pages:] 53-73
Publisher: 
De Gruyter, Warsaw
Abstract: 
This paper evaluates the raw material dependence of two export-oriented oil and gas extracting countries. We find evidence of presence of the Dutch disease in both countries and of the resource curse in Russia. Reduction of volumes of crude oil and natural gas production and exports, compensated by the growth of value added in other kinds of economic activity, suggests that Norway is gradually overcoming the Dutch disease by means of expanded reproduction of human capital. On the other hand, extraction of hydrocarbons may remain a driver of the Russian economic growth.
Subjects: 
Dutch disease
value added
education and health care
resource curse
human capital
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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