Energy Prices and Households Incomes Growth Proportions in Russia s Case Context

Nina Morozko, Natalia Morozko and Valentina Didenko
Additional contact information
Nina Morozko: Financial University under the Government of the Russian Federation, Moscow, Russia.
Natalia Morozko: Financial University under the Government of the Russian Federation, Moscow, Russia.
Valentina Didenko: Financial University under the Government of the Russian Federation, Moscow, Russia.

International Journal of Energy Economics and Policy, 2021, vol. 11, issue 3, 243-250

Abstract: The article describes the past and future energy and natural resources policies in Russia. The authors consider the main trends and prospects in the state energy policy. The article shows the relationship between the National Welfare Fund growth and the decline in consumption. The authors argue the ability of raw materials revenues to solve problems of social financing. The analysis relies on the VAR and VECM-model to test the generated hypotheses. The model explores changes in energy prices in proportion to changes in individual factors of social and savings policies, taking into account the random component. We take the two most important elements of population income - these are social payments and wages. The article provides an opportunity to reflect on the ability of the innovative distribution of oil and gas revenues to change current social policies. The study complements our knowledge of the lack of social financing and the need to increase the real level of income.

Keywords: energy prices; oil revenues; social benefits; wages (search for similar items in EconPapers)
JEL-codes: E21 E25 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://www.econjournals.com/index.php/ijeep/article/download/11147/5810 (application/pdf)
https://www.econjournals.com/index.php/ijeep/article/view/11147/5810 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2021-03-30

Access Statistics for this article

International Journal of Energy Economics and Policy is currently edited by Ilhan Ozturk

More articles in International Journal of Energy Economics and Policy from Econjournals
Bibliographic data for series maintained by Ilhan Ozturk ().