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Hydrocarbon Market in Countries with Developing Economy: Development Scenario

Author

Listed:
  • Michael Evgenievich Kosov

    (Department of Public Finance, Financial University under the Government of the Russian Federation, Russian Federation,)

  • Ravil Gabdullaevich Akhmadeev

    (Department of Accounting and Taxation, Plekhanov Russian University of Economics, Russian Federation,)

  • Vladimir Mikhailovich Smirnov

    (Department of Economic Theory, Financial University under the Government of the Russian Federation, Russian Federation,)

  • Sergey Yuryevich Popkov

    (Department of Asset Management and Financial Law, Moscow City Government University of Management Moscow, Russian Federation)

  • Inna Nikolaevna Rycova

    (Sectorial Economy Center, Financial Research Institute of the Ministry of Finance of the Russian Federation, Russian Federation)

Abstract

Hydrocarbon resources represent cumulative wealth of a country because they form for many millions of years. At the same time, the use of such resources is taking place all the time, from year to year. These two circumstances have predetermined two aspects of the hydrocarbon market research a tactical aspect connected with the annual use by a country of its resources, and a strategic aspect connected with accounting for the remaining the raw material given exploration of new deposits. The undertaken study of the qualities of resource prices confirmed the synchronization effect of international countries-exporters losses because of unfavourable prices at the international raw materials markets. The scientific research offers to use indicators of tactical, strategic and integral dependence of a national economy on natural resources, taking into consideration the fact that emerging countries are multiresource producers. Taking a comprehensive strategic resource assessment of a country s dependence as a basis, we are offering an order of weighing local resource characteristics, which, in turn, will help a wider practical use of monitoring of emerging countries resource dependence.

Suggested Citation

  • Michael Evgenievich Kosov & Ravil Gabdullaevich Akhmadeev & Vladimir Mikhailovich Smirnov & Sergey Yuryevich Popkov & Inna Nikolaevna Rycova, 2017. "Hydrocarbon Market in Countries with Developing Economy: Development Scenario," International Journal of Energy Economics and Policy, Econjournals, vol. 7(6), pages 128-135.
    • Handle: RePEc:eco:journ2:2017-06-16
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    References listed on IDEAS

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    Cited by:

    1. Vadim Ponkratov & Andrey Pozdnyaev & Nikolay Kuznetsov, 2018. "Evaluating the Impact of Russian Excise Duty on Oil Products on the Development of Oil Refining and Oil Industry," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 414-425.
    2. repec:ers:journl:v:volumexxi:y:2018:i:issue4:p:414-425 is not listed on IDEAS

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    More about this item

    Keywords

    resource dependence of an economy; emerging states; development strategy; coal production; oil and gas exports; budget;
    All these keywords.

    JEL classification:

    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • F3 - International Economics - - International Finance

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