Rental-resources model of the Russian economy and the problems of its neo-industrial transformation

Danilenko, L. N.

doi:10.12737/2839

Cited by 5 publications

(3 citation statements)

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“…The system of rental relationship (the core of economic relations for countries with the rental economy model) determines the efficiency of withdrawal and redistribution of rental income considering exhaustibility of resources and the ability of countries to conduct a successful socio-economic policy and modernization of the economy. It is still a debatable issue whether the abundance of natural resources is a "Resource Curse" causing the "Dutch disease", or competitive advantage for achieving a high standard of living [71,[74][75][76][77]. Currently, the world's practice shows that some countries very successfully use their raw material potential providing a high standard of living for their citizens (Norway, UAE, Qatar), while other states are lagging behind in terms of the main indicators of socio-economic development (Venezuela, Nigeria).…”

Section: Discussionmentioning

confidence: 99%

Issue of Accumulation and Redistribution of Oil and Gas Rental Income in the Context of Exhaustible Natural Resources in Arctic Zone of Russian Federation

Kirsanova

Lenkovets

Hafeez

2020

JMSE

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The significant resource potential of the Arctic has attracted the attention of its adjacent countries and extra-regional states. The mineral and raw material base of the Arctic Zone of the Russian Federation (AZRF) comprises a wide range of minerals. However, due to its hydrocarbon reserves, the Arctic is considered to be the most important geopolitical and geo-economic macro-region for Russia. A significant portion of the Arctic hydrocarbons (about 19%) is concentrated in the territory of Russia’s shelf. The extraction of Arctic marine oil and gas resources and ensuring the sustainability of the Russian energy complex depend significantly on the level of Arctic development. Thus, the pace and quality of the development of AZRF are strategically important to ensure the national interests of the country. It has been proven that the implementation of the state program for AZRF development and strategic plans of the largest companies operating in the region consolidate the raw material nature of AZRF development. Rent becomes the main form of income. This article addresses the main directions of the region’s development and the factors that prevent a high level of industrialization, which increase attention to the withdrawal and redistribution of rental income. The article considers the Russian and foreign experiences of withdrawal and redistribution of oil and gas rental income, and analyzes the level of socio-economic development of AZRF. The authors suggest a methodology for assessing the impact of a country’s area and population size on the ability to achieve a high income due to hydrocarbons. The authors also explain the principles of rental income redistribution in the region as a basis for improving the level of AZRF’s socio-economic development and as a condition for transition from the “colonial model” of development to the “sustainable development” model. The study results can be used to elaborate a mechanism for rental income redistribution in AZRF and state programs for the region’s development.

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Section: Discussionmentioning

confidence: 99%

Issue of Accumulation and Redistribution of Oil and Gas Rental Income in the Context of Exhaustible Natural Resources in Arctic Zone of Russian Federation

Kirsanova

Lenkovets

Hafeez

2020

JMSE

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“…V.P. Danilenko [4] noted that social processes initially reflect in terminology, or evolve through the transformation of specific terms. D.S.…”

Section: бош муҳаррирmentioning

confidence: 99%

Terminologiyada Termin Va Unga Teng Bo‘lgan Tushunchalarning Tadqiqi

Dalieva,

Kristian,

Satibaldieva

2024

ScienceProblems

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“…The Russian economy fully embodies the raw material orientation. Revenues from raw materials account for 50% of federal budget revenues, provide 100% of revenues to the Reserve Fund and the National Welfare Fund, as well as 60-70% of foreign currency receipts (Danilenko, 2014). Despite the declared course towards technological modernization, there are no significant shifts for the better.…”

Section: Data and Model Specificationmentioning

confidence: 99%

Influence of World Commodity Prices on the Dynamics of Income of Exporting Countries of Natural Resources Under Globalization

Ніконенко

Hanushchyn

Boikivska

et al. 2020

Business: Theory and Practice

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A feature of modern globalization processes is their vulnerability to the volatility of short-term capital flows, which, combined with the growing volatility of commodity prices, have created serious difficulties for the economic policies of commodity-oriented countries. Therefore, the study of the impact of world commodity prices on the dynamics of economic growth of countries with commodity exports and the development of an appropriate methodology based on modern economic and mathematical tools is an urgent task. The purpose of the study is the impact of volatility and the level of world commodity prices on income dynamics (GDP and industrial production) using three groups of countries with different levels of economic development as an example. Functional dependencies were studied for three groups of countries: industrial countries exporting raw materials, countries – commodity exporters of low income and commodity countries of the former Soviet Union. The analysis is based on quarterly data for the period 1980–2018 using the Two-Step Least Squares (2SLS) method. We developed a methodology for the economic and statistical analysis of the functional dependencies of the commodity economy, which provides for the simultaneous accounting of the level of world commodity prices and their volatility, allows us to empirically evaluate the mechanisms of the macroeconomic influence of commodity prices on the dynamics of economic growth, primarily income (GDP and industrial production). It has been established that rising world prices for raw materials improves the dynamics of GDP and industrial production of countries exporting primary resources, while the consequences of high volatility of price indices are predominantly negative. If the impact on the economic growth of the exporting countries of raw materials of individual price indices coincides, then the corresponding estimates for volatility can differ significantly.

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Rental-resources model of the Russian economy and the problems of its neo-industrial transformation

Cited by 5 publications

References 0 publications

Issue of Accumulation and Redistribution of Oil and Gas Rental Income in the Context of Exhaustible Natural Resources in Arctic Zone of Russian Federation

Issue of Accumulation and Redistribution of Oil and Gas Rental Income in the Context of Exhaustible Natural Resources in Arctic Zone of Russian Federation

Terminologiyada Termin Va Unga Teng Bo‘lgan Tushunchalarning Tadqiqi

Influence of World Commodity Prices on the Dynamics of Income of Exporting Countries of Natural Resources Under Globalization

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