title: Impact of the oil and gas industry on the economy of producing countries
metadata.name: dc.contributor.author
metadata.value: Filimonova, Irina V.
metadata.lang: -
metadata.name: dc.contributor.author
metadata.value: Eder, Leonty V.
metadata.lang: -
metadata.name: dc.contributor.author
metadata.value: Provornaya, Irina V.
metadata.lang: -
metadata.name: dc.contributor.author
metadata.value: Cherepanova, Daria M.
metadata.lang: -
metadata.name: dc.date.accessioned
metadata.value: 2021-03-03T13:34:51Z
metadata.lang: -
metadata.name: dc.date.available
metadata.value: 2021-03-03T13:34:51Z
metadata.lang: -
metadata.name: dc.date.issued
metadata.value: 2020-12
metadata.lang: -
metadata.name: dc.identifier.citation
metadata.value: Filimonova I. V., Eder L. V., Provornaya I. V., Cherepanova D. M. (2020) Impact of the oil and gas industry on the economy of producing countries. St Petersburg University Journal of Economic Studies, vol. 36, iss. 4, pp. 693–718.
metadata.lang: en_GB
metadata.name: dc.identifier.other
metadata.value: https://doi.org/10.21638/spbu05.2020.407
metadata.lang: -
metadata.name: dc.identifier.uri
metadata.value: http://hdl.handle.net/11701/25083
metadata.lang: -
metadata.name: dc.description.abstract
metadata.value: This paper discusses in detail the resource dependency of economies in countries with a high
  level of hydrocarbon production and income from the export of raw materials; the consequences
  associated with “resource dependence”; and reasons for their occurrence, as well as
  possible ways to overcome them. The authors establish the fact that in recent years there has
  been a “negative” multiplicative effect from the development of Russia’s oil and gas complex.
  Therefore, the goal is to identify factors of “resource dependence” that contribute to economic
  growth, to generalize the results of the study at the global level for key oil-exporting countries,
  and to draw conclusions for the Russian economy. As a methodological basis for the study, a
  panel data analysis method was chosen, which allows for taking into account the influence of
  both the dynamics and structure of changes in resource dependence factors in a regional context.
  The informational basis of the study was made by countries exporting hydrocarbon raw
  materials and classified by macro-regions, level of economic development, and degree of development
  of democracy. According to the analysis of panel data, the influence of resource dependence
  factors is not always of high importance on the economy of oil-exporting countries.
  The economic growth of many countries is more dependent on factors of sustainable growth
  that are consistent with the goals of sustainable development. The study allows us to conclude
  that it is advisable for countries that are currently in a condition of resource dependence to
  revise their development policies in the direction of differentiating the economy, primarily
  using the advantages of resource rent for the development of processing and manufacturing
  industries, as well as for the development of green energy. The results of the study can provide
  an analytical basis for discussions on the effective development of the oil and gas complex
  of Russia and the world, taking into account modern challenges and threats to sustainable
  development.
metadata.lang: en_GB
metadata.name: dc.language.iso
metadata.value: ru
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: Studia Slavica et Balcanica Petropolitana;Volume 36; Issue 4
metadata.lang: -
metadata.name: dc.subject
metadata.value: resource dependence
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: economic growth
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: oil rent
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: commodity economy
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: panel data
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: cross-country analysis
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: oil
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: gas
metadata.lang: en_GB
metadata.name: dc.title
metadata.value: Impact of the oil and gas industry on the economy of producing countries
metadata.lang: en_GB
metadata.name: dc.type
metadata.value: Article
metadata.lang: en_GB
resources.filename: 693-718.pdf
resources.url: https://dspace.spbu.ru/bitstream/11701/25083/1/693-718.pdf
resources.format: Adobe PDF
resources.size: 898,3 kB