title: Harnessing hydrocarbon revenues: reflections on Russia
metadata.name: dc.contributor.author
metadata.value: van der Ploeg, Frederick
metadata.lang: -
metadata.name: dc.contributor.author
metadata.value: Malova, Aleksandra S.
metadata.lang: -
metadata.name: dc.contributor.author
metadata.value: Saltan, Andrey А.
metadata.lang: -
metadata.name: dc.date.accessioned
metadata.value: 2017-10-10T09:39:23Z
metadata.lang: -
metadata.name: dc.date.available
metadata.value: 2017-10-10T09:39:23Z
metadata.lang: -
metadata.name: dc.date.issued
metadata.value: 2017-09
metadata.lang: -
metadata.name: dc.identifier.citation
metadata.value: van der Ploeg F., Malova A., Saltan A. Harnessing hydrocarbon revenues: reflections on Russia. St Petersburg University Journal of Economic Studies, 2017, vol. 33, issue 3, pp. 348–363.
metadata.lang: en_GB
metadata.name: dc.identifier.other
metadata.value: 10.21638/11701/spbu05.2017.301
metadata.lang: -
metadata.name: dc.identifier.uri
metadata.value: http://hdl.handle.net/11701/8455
metadata.lang: -
metadata.name: dc.description.abstract
metadata.value: Economies, like Russia, blessed with resource abundance, do not usually perform well during the period of commodity price boom. The optimal policy of managing resource revenues prescribes to commit the permanent income rule to smooth the resource dividend in efficiency units and to smooth the real exchange rate. During the commodity price boom, Russia followed partially this prescribed policy, but the situation changed after the crash of oil and gas prices in 2014. Possible ways to overcome the consequences of low oil and gas prices are discussed, paying particular attention to the lack of economic complexity and the need for diversification and capabilities for growth and development of the Russian economy. Refs 29. Figs 3.
metadata.lang: en_GB
metadata.name: dc.language.iso
metadata.value: en
metadata.lang: en_GB
metadata.name: dc.publisher
metadata.value: St Petersburg State University
metadata.lang: en_GB
metadata.name: dc.relation.ispartofseries
metadata.value: St Petersburg University Journal of Economic Studies;Volume 33; Issue 3
metadata.lang: -
metadata.name: dc.subject
metadata.value: natural resource curse
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: managing resource revenues
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: permanent income rule
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: real exchange rate
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: coping with low commodity prices
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: diversification
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: economic complexity
metadata.lang: en_GB
metadata.name: dc.title
metadata.value: Harnessing hydrocarbon revenues: reflections on Russia
metadata.lang: en_GB
metadata.name: dc.type
metadata.value: Article
metadata.lang: en_GB
resources.filename: 01-Ploeg.pdf
resources.url: https://dspace.spbu.ru/bitstream/11701/8455/1/01-Ploeg.pdf
resources.format: Adobe PDF
resources.size: 249,09 kB