«Problems of economics and management of oil and gas complex»

SOME FEATURES OF THE "RUSSIAN MODEL OF THE RESOURCE CURSE"

UDC: 330.354
DOI: 10.33285/1999-6942-2021-1(193)-13-17

Authors:

¹ National University of Oil and Gas "Gubkin University", Moscow, Russian Federation

Keywords: resource curse, dutch disease, macroeconomics, economic growth, growth factors, economic model, economics, globalization, energy, oil, GaS, world trade, world economy model

Annotation:

The topic of the "resource curse" has been undeservedly pushed into the background in Russian economic science, although at one time it did not receive a clear explanation, the main questions remained open. At the same time, the country's economic development slowed down, the technology sector degraded, and the fuel and energy sector stopped providing the country with the previous energy transfer. In this paper, the author verifies the problem of the "resource curse" on the example of the Russian economic model and also reveals the Russian features of this phenomenon, the main of which is the long-term devaluation of the national currency against the background of the growth of the fuel and energy complex and the service sector. The author proposes a modernized model of the "resource curse", which substantiates the economic facts theoretically noted in Russia.

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