Dutch disease Case of Norway

Kňazovická, Kristína

Kňazovická, K. Dutch Disease: Case of Norway. Bachelor Thesis. Brno: Mendel University, 2016. The Bachelor Thesis investigates the effect of the economic phenomena, Dutch Disease, on the overall economy of Norway, as well as on the economic performance of the selected regions. Firstly, it introduces the concept of the disease, its symptoms, possible treatments and outlines the macroeconomic indicators and symptoms, which help in the identification of the disease. Moreover, it offers a descriptive account of regions, their main activities and productivity, employment and wages in observed petroleum, manufacturing and tertiary sector of the economy. In the empirical part, it examines, whether the symptoms are present through the time series regression, which is based on the OLS method. Furthermore, it inspects the relationship between particular variables to the global oil price, which may indicate the dependency on the oil and gas segment. The thesis found out, that the Norway might not suffer from the Dutch Disease, possibly due to their tight fiscal policy and foundation of the Government Pension Fund Global.

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