dc.contributor.author | Skretting, Julia | |
dc.date.accessioned | 2022-08-16T09:39:18Z | |
dc.date.available | 2022-08-16T09:39:18Z | |
dc.date.issued | 2022-08-11 | |
dc.identifier.issn | 1892-2198 | |
dc.identifier.uri | https://hdl.handle.net/11250/3012049 | |
dc.description.abstract | I 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.iso | eng | en_US |
dc.publisher | BI Norwegian Business School | en_US |
dc.relation.ispartofseries | CAMP Working Paper Series;02/2022 | |
dc.subject | Natural Resource Curse | en_US |
dc.subject | Rent Seeking | en_US |
dc.subject | Dutch Disease | en_US |
dc.subject | Regional Windfalls | en_US |
dc.title | Oil Windfalls and Regional Economic Performance in Russia | en_US |
dc.type | Working paper | en_US |
dc.source.pagenumber | 36 | en_US |