Sectoral Structure Change Modeling of European Oil and Gas Producing Country’S Economy

Perepelkin Viacheslav Alexandrovich and Perepelkina Elena Viacheslavovna
Additional contact information
Perepelkin Viacheslav Alexandrovich: Samara State University of Economics, Russia
Perepelkina Elena Viacheslavovna: Samara State University of Economics, Russia

Economics, 2015, vol. 3, issue 2, 7-18

Abstract: In this paper, we consider identifying features of sectoral structuring within the national economy that has definite foreign trade product specialization. Examination of the sector-specific division methodology enabled identification of its strong association with certain sector dominance in the economy. It is against this background that we offer an explanation for the delay in transferring from the post-Soviet to the applicable international classification of economic structure elements in Russia and Belarus. We perform analysis of the three-component P-S-T model (primary, secondary, tertiary sector) using statistical and econometric methods and define properties of the sectoral shares dynamics in national economies of oil and gas producing countries. Analysis of the Russian and Norwegian economies’ intersectoral changes suggests that it is necessary for the government to develop and implement selective structural policy to overcome the existing structural disproportions.

Keywords: sector; intersectoral shift; minerals extraction; deindustrialization; tertiarization (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1515/eoik-2015-0017 (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:vrs:econom:v:3:y:2015:i:2:p:7-18:n:4

DOI: 10.1515/eoik-2015-0017

Access Statistics for this article

Economics is currently edited by Stelios Bekiros

More articles in Economics from Sciendo
Bibliographic data for series maintained by Peter Golla ().