Restoring Russia’s resource-dependent economy: From the Dutch Disease towards economic growth

The sharp decline in world oil prices in March 2020 due to difficulties in OPEC+ nego tiations and a drastic reduction in demand from the real sector caused by the Covid-19 pandem ic has seriously aggravated the problem of economic growth for resource-dependent economies. The paper aims to search for the trajectory for the resource-dependent countries to revamp their economies to return to sustainable growth. The research methodology includes fundamental theories of economic growth and theoretical propositions describing the behaviour of resourcedependent economies. Using the methods of correl... Mehr ...