Do oil, coal, and natural gas consumption and rents impact economic growth? An empirical analysis of the Russian Federation

Özge Korkmaz

Resources Policy, 2022, vol. 77, issue C

Abstract: Russian economic growth relies much on natural resources, leading to large quantities of greenhouse gas emissions. Therefore, this article aims to explore the causal relationship between oil/coal/natural gas consumption, coal/oil/natural gas rents, and economic growth in the example of the Russian Federation. We used the data from 1992 to 2018 and the ARDL Bounds test. Our empirical findings lead us to conclude a long-run relationship between all variables in the Russian Federation. According to the results, when the oil rents affect the economic growth positively, the natural gas rents and coal rents affect the economic growth, negatively.

Keywords: Russia; Economic growth; Energy consumption; Energy rents; ARDL Bounds test (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (19)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:77:y:2022:i:c:s0301420722001878

DOI: 10.1016/j.resourpol.2022.102739

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