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Dutch Disease Symptoms in Mongolian Economy and Ways to reduce its Negative Effects


Lkhagvaa Dansranbavuu, Sodnomdavaa Tsolmon, Enkhchimeg Tsedendori, Vol. 2, No. 3, pp. 7-14, Sep. 2018
10.22662/IJEMR.2018.2.3.007, Full Text:
Keywords: Economic policy, Dutch disease, Mongolian economy, Resource curse, Budget expansion

Abstract

Background/Objectives: Mongolia has plenty of natural resources and comparatively few populations of 3 million, most of them are younger. It means Mongolia has a lot of opportunities to grow its economy quickly and compete with other countries by an economic growth. But, Mongolian economy has been stagnated in last few years since reaching the peak growth at 17.5 percent in 2011.Methods/Statistical analysis: We assume that the main reason for an economic stagnation caused by the government bad decisions not basing on the scientific research. The Dutch disease theory explains the relationship between increasing and declining specific sectors, which resulting in the currency appreciation. Findings: This paper aims to determine that the reason for economic difficulties and make some suggestion to prevent the worsening situation. Improvements/Applications: As of Mongolia, it has been reflected by Dutch disease very badly, so need to find the way to dive into the right paths.


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Cite this article
[APA Style]
Dansranbavuu, L., Tsolmon, S., & Tsedendori, E. (2018). Dutch Disease Symptoms in Mongolian Economy and Ways to reduce its Negative Effects. International Journal of Emerging Multidisciplinary Research, 2(3), 7-14. DOI: 10.22662/IJEMR.2018.2.3.007.

[IEEE Style]
L. Dansranbavuu, S. Tsolmon, E. Tsedendori, "Dutch Disease Symptoms in Mongolian Economy and Ways to reduce its Negative Effects," International Journal of Emerging Multidisciplinary Research, vol. 2, no. 3, pp. 7-14, 2018. DOI: 10.22662/IJEMR.2018.2.3.007.

[ACM Style]
Lkhagvaa Dansranbavuu, Sodnomdavaa Tsolmon, and Enkhchimeg Tsedendori. 2018. Dutch Disease Symptoms in Mongolian Economy and Ways to reduce its Negative Effects. International Journal of Emerging Multidisciplinary Research, 2, 3, (2018), 7-14. DOI: 10.22662/IJEMR.2018.2.3.007.