Development of Methodology for Forecasting the Reproduction of Natural Resources Using an Intersectoral Approach

A. O. Baranov () and Yu. M. Slepenkova
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A. O. Baranov: Institute of Economics and Industrial Engineering, Siberian Branch, Russian Academy of Sciences
Yu. M. Slepenkova: Institute of Economics and Industrial Engineering, Siberian Branch, Russian Academy of Sciences

Studies on Russian Economic Development, 2024, vol. 35, issue 5, 627-635

Abstract: Abstract— Natural resources are an important factor in economic growth. Economic decisions should be made taking into account the specific features of their reproduction and thoroughly integrate this factor into economic models. This requires developing a methodology for estimating and forecasting the reproduction of natural resource reserves. The article analyzes the experience of building various macroeconomic and intersectoral economic-environmental models that take into account natural resources. An approach to the synthesis of methods for geological and economic assessment of natural resources, in particular, hydrocarbons involving the methodology of dynamic input–output balance is proposed. This approach makes it possible to forecast the development of the Russian economy taking into account the interrelation between the reproduction of natural resource reserves in terms of hydrocarbons and the reproduction of gross output at the macro- and intersectoral levels.

Keywords: natural resources; hydrocarbon raw materials; natural wealth; input–output model; Russian economy (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1134/S1075700724700163

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