Is an increase in oil prices good for individuals in oil-producing countries?

Zoya Nissanov

Post-Communist Economies, 2021, vol. 33, issue 5, 581-586

Abstract: This study analyses the impact of oil prices on individual incomes, using the Russia Longitudinal Monitoring Survey for the years 2009–2015, a period, when oil prices varied substantially. The results suggest that there is a significant negative impact of oil prices on individual incomes in Russia, not only for inhabitants of oil-rich regions but also for those having no access to these resources. Thus, the Russian population as a whole does not enjoy any benefit from oil revenues.

Date: 2021
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DOI: 10.1080/14631377.2020.1793606

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