Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/212648 
Authors: 
Year of Publication: 
2009
Series/Report no.: 
BOFIT Discussion Papers No. 4/2009
Publisher: 
Bank of Finland, Institute for Economies in Transition (BOFIT), Helsinki
Abstract: 
This study seeks to determine the extent to which countries of the former Soviet Union are "infected" by the Dutch Disease. We take a detailed look at the functioning of the trans-mission 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.
Subjects: 
Dutch disease
commodity prices
exchange rate
Commonwealth of Independent States
JEL: 
E31
E32
F31
Q33
Persistent Identifier of the first edition: 
ISBN: 
978-952-462-955-3
Document Type: 
Working Paper

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