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dc.contributor.authorSkretting, Julia
dc.date.accessioned2022-08-16T09:39:18Z
dc.date.available2022-08-16T09:39:18Z
dc.date.issued2022-08-11
dc.identifier.issn1892-2198
dc.identifier.urihttps://hdl.handle.net/11250/3012049
dc.description.abstractI construct a novel dataset to investigate the effects of oil income in regions of Russia. My data combines regional level data on oil endowments and a wide range of economic series for 85 geographical regions of Russia. Focusing on exogenous oil windfall gains induced by movements in oil prices, I compare outcomes in oil endowed regions to outcomes in other areas. In doing so, I show that oil resources do not seem to benefit regional economic growth. Indeed, I provide evidence that oil windfalls lead to an expansion of the local public sector and a contraction of the private sector, resulting in lower profitability and a decline in economic growth. Overall, my results indicate that only a small share of revenues benefits the local population and that there are signs of missing money.en_US
dc.language.isoengen_US
dc.publisherBI Norwegian Business Schoolen_US
dc.relation.ispartofseriesCAMP Working Paper Series;02/2022
dc.subjectNatural Resource Curseen_US
dc.subjectRent Seekingen_US
dc.subjectDutch Diseaseen_US
dc.subjectRegional Windfallsen_US
dc.titleOil Windfalls and Regional Economic Performance in Russiaen_US
dc.typeWorking paperen_US
dc.source.pagenumber36en_US


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