RESOURCE CURSE AND DUTCH DISEASE: ECONOMIC, INSTITUTIONAL, AND SOCIAL IMPACTS IN PERSPECTIVE

Bulat Mukhamediyev; Azimzhan Khitakhunov; Zhansaya Temerbulatova

RESOURCE CURSE AND DUTCH DISEASE: ECONOMIC, INSTITUTIONAL, AND SOCIAL IMPACTS IN PERSPECTIVE

Abstract

This article examines the economic and institutional implications of the resource curse and Dutch disease in resource-rich countries. It investigates how dependence on oil and gas exports influences GDP growth, corruption levels, social development, and governance quality. Using comparative analysis, the study identifies three main patterns: first, countries with strong institutions and diversification strategies, such as Norway and Canada, successfully convert resource wealth into sustainable development; second, countries like Nigeria and Venezuela demonstrate that weak governance leads to low economic performance despite resource abundance; and third, states with mixed outcomes, such as Kazakhstan and Saudi Arabia, show moderate progress but remain vulnerable to external shocks. The findings highlight the importance of transparent fiscal policies, investment in human capital, and institutional reform. Natural resource wealth alone does not guarantee prosperity – effective governance is essential to mitigate risks and ensure long-term economic stability.

Keywords

Ethical Statement

This study did not require approval from an ethics committee as it did not involve human participants, animals, or sensitive personal data. All data used in this research were obtained from publicly available sources.

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Details

Primary Language

English

Subjects

Economic Theory (Other)

Journal Section

Research Article

Authors

Bulat Mukhamediyev ^* This is me
Kazakhstan

Azimzhan Khitakhunov This is me
Kazakhstan

Zhansaya Temerbulatova This is me
Kazakhstan

Publication Date

April 30, 2025

Submission Date

April 9, 2025

Acceptance Date

April 27, 2025

Published in Issue

Year 2025 Volume: 7 Number: 2

IZ

https://izlik.org/JA77ES42NZ

Cite

RIS / Bibtex

APA

Mukhamediyev, B., Khitakhunov, A., & Temerbulatova, Z. (2025). RESOURCE CURSE AND DUTCH DISEASE: ECONOMIC, INSTITUTIONAL, AND SOCIAL IMPACTS IN PERSPECTIVE. Eurasian Research Journal, 7(2), 115-133. https://izlik.org/JA77ES42NZ

AMA

1.Mukhamediyev B, Khitakhunov A, Temerbulatova Z. RESOURCE CURSE AND DUTCH DISEASE: ECONOMIC, INSTITUTIONAL, AND SOCIAL IMPACTS IN PERSPECTIVE. ERJ. 2025;7(2):115-133. https://izlik.org/JA77ES42NZ

Chicago

Mukhamediyev, Bulat, Azimzhan Khitakhunov, and Zhansaya Temerbulatova. 2025. “RESOURCE CURSE AND DUTCH DISEASE: ECONOMIC, INSTITUTIONAL, AND SOCIAL IMPACTS IN PERSPECTIVE”. Eurasian Research Journal 7 (2): 115-33. https://izlik.org/JA77ES42NZ.

EndNote

Mukhamediyev B, Khitakhunov A, Temerbulatova Z (April 1, 2025) RESOURCE CURSE AND DUTCH DISEASE: ECONOMIC, INSTITUTIONAL, AND SOCIAL IMPACTS IN PERSPECTIVE. Eurasian Research Journal 7 2 115–133.

IEEE

[1]B. Mukhamediyev, A. Khitakhunov, and Z. Temerbulatova, “RESOURCE CURSE AND DUTCH DISEASE: ECONOMIC, INSTITUTIONAL, AND SOCIAL IMPACTS IN PERSPECTIVE”, ERJ, vol. 7, no. 2, pp. 115–133, Apr. 2025, [Online]. Available: https://izlik.org/JA77ES42NZ

ISNAD

Mukhamediyev, Bulat - Khitakhunov, Azimzhan - Temerbulatova, Zhansaya. “RESOURCE CURSE AND DUTCH DISEASE: ECONOMIC, INSTITUTIONAL, AND SOCIAL IMPACTS IN PERSPECTIVE”. Eurasian Research Journal 7/2 (April 1, 2025): 115-133. https://izlik.org/JA77ES42NZ.

JAMA

1.Mukhamediyev B, Khitakhunov A, Temerbulatova Z. RESOURCE CURSE AND DUTCH DISEASE: ECONOMIC, INSTITUTIONAL, AND SOCIAL IMPACTS IN PERSPECTIVE. ERJ. 2025;7:115–133.

MLA

Mukhamediyev, Bulat, et al. “RESOURCE CURSE AND DUTCH DISEASE: ECONOMIC, INSTITUTIONAL, AND SOCIAL IMPACTS IN PERSPECTIVE”. Eurasian Research Journal, vol. 7, no. 2, Apr. 2025, pp. 115-33, https://izlik.org/JA77ES42NZ.

Vancouver

1.Bulat Mukhamediyev, Azimzhan Khitakhunov, Zhansaya Temerbulatova. RESOURCE CURSE AND DUTCH DISEASE: ECONOMIC, INSTITUTIONAL, AND SOCIAL IMPACTS IN PERSPECTIVE. ERJ [Internet]. 2025 Apr. 1;7(2):115-33. Available from: https://izlik.org/JA77ES42NZ