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Energy Prices and Households Incomes Growth Proportions in Russia s Case Context

Author

Listed:
  • Nina Morozko

    (Financial University under the Government of the Russian Federation, Moscow, Russia.)

  • Natalia Morozko

    (Financial University under the Government of the Russian Federation, Moscow, Russia.)

  • Valentina Didenko

    (Financial University under the Government of the Russian Federation, Moscow, Russia.)

Abstract

The article describes the past and future energy and natural resources policies in Russia. The authors consider the main trends and prospects in the state energy policy. The article shows the relationship between the National Welfare Fund growth and the decline in consumption. The authors argue the ability of raw materials revenues to solve problems of social financing. The analysis relies on the VAR and VECM-model to test the generated hypotheses. The model explores changes in energy prices in proportion to changes in individual factors of social and savings policies, taking into account the random component. We take the two most important elements of population income - these are social payments and wages. The article provides an opportunity to reflect on the ability of the innovative distribution of oil and gas revenues to change current social policies. The study complements our knowledge of the lack of social financing and the need to increase the real level of income.

Suggested Citation

  • Nina Morozko & Natalia Morozko & Valentina Didenko, 2021. "Energy Prices and Households Incomes Growth Proportions in Russia s Case Context," International Journal of Energy Economics and Policy, Econjournals, vol. 11(3), pages 243-250.
    • Handle: RePEc:eco:journ2:2021-03-30
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    References listed on IDEAS

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    Cited by:

    1. Bin Zhang & Li Sun & Mengyao Yang & Kin-Keung Lai & Bhagwat Ram, 2023. "A Robust Optimization Approach for Smart Energy Market Revenue Management," Energies, MDPI, vol. 16(19), pages 1-14, October.
    2. Mikhail Lvovitch Dorofeev, 2021. "Does Income Inequality Create Excessive Threats to the Sustainable Development of Russia? Evidence from Intercountry Comparisons via Analysis of Inequality Heatmaps," Economies, MDPI, vol. 9(4), pages 1-17, November.
    3. Selamet Joko Utomo & Titov Chuk's Mayvani & Mochamad Ali Imron, 2021. "Coal Energy and Macroeconomic Conditions," International Journal of Energy Economics and Policy, Econjournals, vol. 11(4), pages 426-432.

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    More about this item

    Keywords

    energy prices; oil revenues; social benefits; wages;
    All these keywords.

    JEL classification:

    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • E25 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Aggregate Factor Income Distribution

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