<< N°151
| N°151 | ||
| Issue Q3 2017 | ||
| From natural resource boom to sustainable economic growth: Lessons from Mongolia | ||
|
Bin Grace Li Pranav Gupta Jiangyan Yu |
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| We attempted to investigate empirically whether or not the Dutch disease (de-industrialization) exists in Russia. This study led to the following main findings: (i) manufacturing output in Russia is positively associated with the price of oil, though the response following an oil-price shock is marginal in the short run; (ii) manufacturing output rises slightly even in case of the appreciation of real effective exchange rate; (iii) FDI inflows contribute to the growth of manufacturing output, but not significant; (iv) an increase in government expenditures crowds out the manufacturing sector; and (v) the government has a tight fiscal policy in response to a rise in manufacturing output. |
Abstract |
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| Natural resources management ; Debt sustainability ; Public investment ; | Keywords | |
| 05 ; F34 ; Q32 ; | JEL classification | |
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