RUSSIAN ECONOMY AS THE HOSTAGE OF HIGH OIL PRICES

Sergey Drobyshevsky

Working Papers from Gaidar Institute for Economic Policy

Abstract: This paper is about the bane of the Russian economy: rich oil and gas reserves, which hamper the implementation of structural economic reforms. Oil industry forms the backbone of the Russian economy playing a major role in ensuring revenues of the government budget and the country’s favorable trade balance.

Keywords: Russian economy; Russia’s oil-and-gas sector. (search for similar items in EconPapers)
JEL-codes: L71 L72 (search for similar items in EconPapers)
Date: 2012, Revised 2012
New Economics Papers: this item is included in nep-cis, nep-cwa, nep-ene and nep-tra
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Citations: View citations in EconPapers (1)

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https://www.iep.ru/files/RePEc/gai/wpaper/0036Drobyshevsky.pdf Revised version, 2012 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:gai:wpaper:0036

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