Dutch Disease and the Mongolian Economy

• 발행기관: 한국몽골학회
• 저자명: Khashkhuu Ariunaa Hong-Jin Kim
• 간행물 정보: 『몽골학』제31호, 349~382쪽, 전체 34쪽
• 주제분류: 인문학 > 기타인문학
• 파일형태: PDF
• 발행일자: 2011.08.30

영문 초록

This paper analyzes whether symptoms of Dutch Disease were present in the Mongolian economy during 2001–2010. We first provide a brief review of the literature on Dutch Disease and the natural resource curse, and then discuss the symptoms of Dutch Disease in Mongolia, which include the followings: 1) Deterioration in the non-mining tradable sector and expansion in the mining sector; 2) Labor-force movement and government expenditures; 3) Increased wage growth in the overall economy; and 4) Appreciation of the real exchange rate. Relative de-industrialization rather than absolute de-industrialization was found in the non-mining tradable sector, and the spending effect has been more significant than the resource-movement effect in the Mongolian economy. For an empirical analysis, we estimated the long-term relationship between the real exchange rate and its determinants, but the results are mixed. We conclude that the diagnosis of Dutch Disease cannot be confirmed even though Mongolia may be characterized by all these symptoms.

목차

Ⅰ. INTRODUCTION

Ⅱ. THE LITERATURE REVIEW

Ⅲ. SYMPTOMS OF DUTCH DISEASE IN THE MONGOLIAN ECONOMY

Ⅳ. AN EMPIRICAL ANALYSIS

Ⅴ. CONCLUSION

키워드

네덜란드 병 몽골 자연자원의 저주 지출효과, 자원이동효과 Dutch Disease Mongolia natural resource curse spending effect, resource movement effect