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Are Azerbaijan and Kazakhstan suffering from the Dutch Disease?

Hällgren, Robert (2008)
Department of Economics
Abstract
In this paper it is examined if the two booming economies of Azerbaijan and Kazakhstan are suffering from the Dutch Disease caused by their dependency on oil exports. First the theories behind the Dutch Disease are presented and the typical symptoms are discussed. These include a change in the real exchange rate, an overall increase in wages, slower growth in the manufacturing sector and faster growth in the service sector. These parameters are examined and compared between the two countries and the conclusion is that they both show signs of the Dutch Disease, and that they might be a bit stronger in Azerbaijan than in Kazakhstan.
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@misc{1644175,
  abstract     = {In this paper it is examined if the two booming economies of Azerbaijan and Kazakhstan are suffering from the Dutch Disease caused by their dependency on oil exports. First the theories behind the Dutch Disease are presented and the typical symptoms are discussed. These include a change in the real exchange rate, an overall increase in wages, slower growth in the manufacturing sector and faster growth in the service sector. These parameters are examined and compared between the two countries and the conclusion is that they both show signs of the Dutch Disease, and that they might be a bit stronger in Azerbaijan than in Kazakhstan.},
  author       = {Hällgren, Robert},
  keyword      = {Kazakhstan,Dutch Disease,real exchange rate,Azerbaijan,Economics, econometrics, economic theory, economic systems, economic policy,Nationalekonomi, ekonometri, ekonomisk teori, ekonomiska system, ekonomisk politik},
  language     = {eng},
  note         = {Student Paper},
  title        = {Are Azerbaijan and Kazakhstan suffering from the Dutch Disease?},
  year         = {2008},
}