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Decision Support and Forecasting Center CEMI RAS |
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Econometrics and Its Applications
Dutch disease in Russian and Armenian economies
Sergei Aivazian, Boris Brodsky, Alexander Bereznyatskiy
Hypothesis of Dutch disease in Russian and Armenian economies is tested in the paper. Theoretical macroeconomic modeling and econometric verification with co-integration and ECM expose some relationships which suggest the presence of Dutch disease in both economies, caused in case of Russian economy by huge oil export and in Armenian by migration and private transfers.
Keywords: Dutch disease, Russian Economy, Armenian Economy, co-integration and ECM
(1.35 MB Russian version)
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