Black underpinning of the red dream: an econometric study of Venezuela’s exposure to Dutch disease
Автор: Bochkov T.I.
Журнал: Экономика и социум @ekonomika-socium
Статья в выпуске: 2 (33), 2017 года.
Бесплатный доступ
Being one the largest in the world and the largest one in Americas in terms of oil exports, Venezuela has undergone a profound economic downturn following an abrupt decline in the world oil prices occurred in 2014. But it can be claimed for sure that such an explosion of this continuously expanding oil bubble could have never come as a surprise. During the long-lasting observation period covered in this paper, which ended right before the threshold of the nowadays distress, the petroleum factor of Venezuela’s economic growth and well-being was becoming increasingly pronounced. This enables to argue that quasi-disastrous situation of today in both political and economic sectors of the Bolivarian Republic is nothing more, but the agony stage of the “drug-addicted” with volumes of medical record.
Dutch disease, venezuela, gdp, econometrics, petroleum exports, oil prices, natural resources, industries, exchange rate, economic downturn
Короткий адрес: https://sciup.org/140122416
IDR: 140122416
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