NATURAL RESOURCES: COULD EVER BE A BLESSING? THE RUSSIAN CASE

Q3 Social Sciences
Giovanni Covi
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引用次数: 0

Abstract

The debate on the best way to achieve economic development for a country rich of natural resources has been a matter of discussion and disagreements. In this paper a possible solution has been provided. Through a case study an in - depth analysis on the Russian economy will prove that a unique reliance on a single sector - energy sector - is a twofold mistake. The Dutch Disease model developed by Corden and Neary as well as the Gabaix’s theory of Granular Origins of Aggregate Fluctuations will dig into the Russian economic structure in order to develop a complete and a complementary perspective. The main results of the paper state that the long - term consequences of this strategy outweigh the initial achieved economic improvements. The natural resource curse is a real economic problem and it is only a matter of time before the concealed symptoms display and spread throughout the whole industrial organization of the country damaging inexorably the manufacturing sector - the real source for a stable and sustainable economic development.
自然资源:能成为一种福气吗?俄罗斯的案例
关于一个自然资源丰富的国家实现经济发展的最佳途径的辩论一直是一个讨论和分歧的问题。本文提出了一种可能的解决方案。通过案例研究,对俄罗斯经济的深入分析将证明,对单一部门(能源部门)的独特依赖是一个双重错误。Corden和Neary提出的荷兰病模型以及Gabaix的总体波动的颗粒起源理论将深入研究俄罗斯的经济结构,以形成一个完整和互补的视角。本文的主要结果表明,这一战略的长期后果超过了最初取得的经济改善。自然资源诅咒是一个真实的经济问题,隐藏的症状出现并蔓延到整个国家的工业组织只是时间问题,不可避免地损害制造业——经济稳定和可持续发展的真正来源。
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来源期刊
Transition Studies Review
Transition Studies Review Social Sciences-Development
CiteScore
1.30
自引率
0.00%
发文量
0
期刊介绍: CEEUN-Transition Studies World Applied Research, involving now more than 500 internationally well known members and 95 university departments, institutes and research centres, is engaged in many areas and programs. The scientific interests and fields are covering: Europe and the World, EU enlargement future approach, the European and international economic framework and impact, where it focuses especially on investments, foreign trade, finance, banking, research, innovation and technology, human capital, development, social policies, insurance, international relations and security, monetary policy, environment and climate, culture and society, juridical and law studies, with a regional approach to the issues, peculiarities and critical challenges.
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