Resource rents and the Russian economy

Clifford G. Gaddy, Barry William Ickes

Research output: Contribution to journalArticle

87 Citations (Scopus)

Abstract

The paper, by two prominent American specialists on the Soviet and post-Soviet economies, explores the role of Russia's energy resources. The authors offer a more inclusive definition of oil and gas rents than is traditionally given and analyze how the mechanisms for distributing those rents have changed over time. They show how fluctuations in the level of rents have played a key role in Russian economic performance. Oil rents, in particular, are shown to have varied widely over the past 35 years. The paper also examines how the distribution of rents affects the sustainability of production. It concludes with some reflections on the proper organization of the energy sector. Journal of Economic Literature, Classification Numbers: E60, O13, O17, Q43.6 figures, 23 references, 2 appendices.

Original languageEnglish (US)
Pages (from-to)159-583
Number of pages425
JournalEurasian Geography and Economics
Volume46
Issue number8
StatePublished - Dec 1 2005

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rent
economy
oil
resource
energy resource
economics
resources
sustainability
energy
gas
fluctuation
Russia
Resource rent
Rent
Russian economy
organization
performance
distribution
Oil

All Science Journal Classification (ASJC) codes

  • Geography, Planning and Development
  • Economics and Econometrics

Cite this

Gaddy, Clifford G. ; Ickes, Barry William. / Resource rents and the Russian economy. In: Eurasian Geography and Economics. 2005 ; Vol. 46, No. 8. pp. 159-583.
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Resource rents and the Russian economy. / Gaddy, Clifford G.; Ickes, Barry William.

In: Eurasian Geography and Economics, Vol. 46, No. 8, 01.12.2005, p. 159-583.

Research output: Contribution to journalArticle

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