Journal

Volume 71, #1

  “Economic Sciences: theory and practice” is scientific, refereed, biannual journal. The Journal of “Economic Sciences: theory and practice” has been founded by Azerbaijan State University of Economics in 1994.              
The Journal has been received to registration in the centre of international ISSN (International Standard Series Number, ISSN-2220-8739). Also, it has been included by the Supreme attestation Commission under the President of Azerbaijan Republic to the list of scientific publications on economic sciences.


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Dutch disease and Venezuelan economics in retrospective

Iurii Korobeinikov Iurii, MBA in Resources and Environment, TU Bergakademie Freiberg Master’s Degree in Ferrous and Non-ferrous Metallurgy, National Metallurgical Academy of Ukraine


 Abstract. “Dutch Disease” is a wording to explain a specific economic development whenever a country witnesses a large inflow of financial resources, often resulting from the exports of natural resources. Author develops simplified graphical model of Dutch Disease and examines economics performance of Venezuela in a retrospective on the basis of most recent open statistical data despite the implications in availability of some statistics. Analysis shows clear presence of main symptoms of Dutch Disease.

Key words: Dutch Disease, Resource curse, Venezuela, financial resources, price.

JEL Classification Codes: F 36; L7