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Oil-and-gas complex of the Eastern Siberia: regional economic effects and risks

Author

Listed:
  • V.N. Kharitonova
  • I.A.Vizhina
  • O.F. Kotzebanova

Abstract

The paper classifies the key risks which occurred in the initial period of forming the East Siberian oil-and-gas complex, and analyses their impact on the socio-economic development in the regions involved. The approach proposed by the authors allows the assessment of the interval of expecting economic effects obtained through making different management decisions. The paper shows that managerial risks could be created mostly due to the decisions made at federal or corporate levels. An active go-between position belongs to regional authorities in coordinating relations between corporations and the Federation, while direct tools of public control are in hands of the federal government. The paper shows such economic effects reflected in the growth indicators of both GRP and the regional and local budgets revenues in case of the Irkutsk Oblast, the Krasnoyarsk Krai and Sakha Republic (Yakutia).

Suggested Citation

  • V.N. Kharitonova & I.A.Vizhina & O.F. Kotzebanova, 2007. "Oil-and-gas complex of the Eastern Siberia: regional economic effects and risks," Journal "Region: Economics and Sociology", Institute of Economics and Industrial Engineering of Siberian Branch of RAS, vol. 4.
    • Handle: RePEc:nos:regioe:2007-4_3
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