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Estimating GDP and Foreign Rents of the Oil and Gas Sector in the USSR then and Russia now

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  • Kuboniwa, Masaaki

Abstract

A Soviet legacy for present-day Russia is found in its resource dependency as well as its implicit exposition of resource rents from foreign trade in the national accounting. Estimating rents from the oreign trade of oil and gas, we demonstrate how large the GDP of the oil and gas sector had been in the Soviet Union and has been in present-day Russia, as well.

Suggested Citation

  • Kuboniwa, Masaaki, 2016. "Estimating GDP and Foreign Rents of the Oil and Gas Sector in the USSR then and Russia now," RRC Working Paper Series 61, Russian Research Center, Institute of Economic Research, Hitotsubashi University.
    • Handle: RePEc:hit:rrcwps:61
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    File URL: https://hermes-ir.lib.hit-u.ac.jp/hermes/ir/re/28170/RRC_WP_No61.pdf
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    References listed on IDEAS

    as
    1. Masaaki Kuboniwa, 2012. "Diagnosing the ‘Russian Disease’: Growth and Structure of the Russian Economy," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 54(1), pages 121-148, March.
    2. Alexeev, Michael & Weber, Shlomo (ed.), 2013. "The Oxford Handbook of the Russian Economy," OUP Catalogue, Oxford University Press, number 9780199759927.
    3. Kuboniwa, Masaaki, 2014. "The Impact of Oil Prices, Total Factor Productivity and Institutional Weakness on Russia’s Declining Growth," RRC Working Paper Series 49, Russian Research Center, Institute of Economic Research, Hitotsubashi University.
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    Cited by:

    1. Kubinowa, Masaaki, 2016. "Estimating GDP and foreign rents of the oil and gas sector in the USSR then and Russia now," BOFIT Policy Briefs 10/2016, Bank of Finland Institute for Emerging Economies (BOFIT).
    2. Kuboniwa, Masaaki & 久保庭, 眞彰 & Tabata, Shinichiro & Nakamura, Yasushi, 2016. "Soviet Foreign Trade Earnings Revisited," RRC Working Paper Series 60, Russian Research Center, Institute of Economic Research, Hitotsubashi University.

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    More about this item

    Keywords

    Soviet legacy; oil and gas; rent; GDP;
    All these keywords.

    JEL classification:

    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • P33 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - International Trade, Finance, Investment, Relations, and Aid
    • P51 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems

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