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Russian Economy As The Hostage Of High Oil Prices

Author

Listed:
  • Sergey Drobyshevsky

    (Gaidar Institute for Economic Policy)

Abstract

This paper is about the bane of the Russian economy: rich oil and gas reserves, which hamper the implementation of structural economic reforms. Oil industry forms the backbone of the Russian economy playing a major role in ensuring revenues of the government budget and the country’s favorable trade balance.

Suggested Citation

  • Sergey Drobyshevsky, 2012. "Russian Economy As The Hostage Of High Oil Prices," Working Papers 0036, Gaidar Institute for Economic Policy, revised 2012.
    • Handle: RePEc:gai:wpaper:0036
    as

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    File URL: https://www.iep.ru/files/RePEc/gai/wpaper/0036Drobyshevsky.pdf
    File Function: Revised version, 2012
    Download Restriction: no
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    Citations

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    Cited by:

    1. Mau, Vladimir & Ulyukaev, Alexey, 2015. "Global crisis and challenges for Russian economic development," Russian Journal of Economics, Elsevier, vol. 1(1), pages 4-29.

    More about this item

    Keywords

    Russian economy; Russia’s oil-and-gas sector.;

    JEL classification:

    • L71 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Hydrocarbon Fuels
    • L72 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Other Nonrenewable Resources

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