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A neoinstitutionalist interpretation of the changes in the Russian oil model

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  • Locatelli, Catherine
  • Rossiaud, Sylvain

Abstract

This paper deals with the current change of the institutional and organizational framework of the Russian oil industry. Regarding this evolution, the main characteristic is the increasing involvement of national oil companies in the upstream activities. The point is to explain this reorganization by relying on the New Institutional Economics framework. These theoretical works highlight that institutional environment and governance structures complement each other. We argue that the current reorganization in an attempt to increase the coherence of the institutional arrangement governing the transaction between the Russian state and the private oil companies.

Suggested Citation

  • Locatelli, Catherine & Rossiaud, Sylvain, 2011. "A neoinstitutionalist interpretation of the changes in the Russian oil model," Energy Policy, Elsevier, vol. 39(9), pages 5588-5597, September.
  • Handle: RePEc:eee:enepol:v:39:y:2011:i:9:p:5588-5597
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    References listed on IDEAS

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    1. Avinash Dixit, 2009. "Governance Institutions and Economic Activity," American Economic Review, American Economic Association, vol. 99(1), pages 5-24, March.
    2. repec:dau:papers:123456789/12342 is not listed on IDEAS
    3. repec:dau:papers:123456789/12332 is not listed on IDEAS
    4. Oliver E. Williamson, 2005. "The Economics of Governance," American Economic Review, American Economic Association, vol. 95(2), pages 1-18, May.
    5. Oliver E. Williamson, 2000. "The New Institutional Economics: Taking Stock, Looking Ahead," Journal of Economic Literature, American Economic Association, vol. 38(3), pages 595-613, September.
    6. Joseph E. Stiglitz, 2002. "Information and the Change in the Paradigm in Economics," American Economic Review, American Economic Association, vol. 92(3), pages 460-501, June.
    7. Dani Rodrik, 2008. "Second-Best Institutions," American Economic Review, American Economic Association, vol. 98(2), pages 100-104, May.
    8. Catherine Locatelli, 2001. "Transition économique et modèles d'organisation industrielle : le cas de l'industrie pétrolière Russe," Revue d'Économie Industrielle, Programme National Persée, vol. 96(1), pages 29-54.
    9. Deacon, Robert & Mueller, Bernardo, 2004. "Political Economy and Natural Resource Use," University of California at Santa Barbara, Economics Working Paper Series qt68g1n1v8, Department of Economics, UC Santa Barbara.
    10. Dutraive, Véronique, 2009. "Economic Development and Institutions," Revue de la Régulation - Capitalisme, institutions, pouvoirs, Association Recherche et Régulation, vol. 6.
    11. Paul Vandenberg, 2002. "North's institutionalism and the prospect of combining theoretical approaches," Cambridge Journal of Economics, Oxford University Press, vol. 26(2), pages 217-235, March.
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    Citations

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    Cited by:

    1. Boussena, S. & Locatelli, C., 2013. "Energy institutional and organisational changes in EU and Russia: Revisiting gas relations," Energy Policy, Elsevier, vol. 55(C), pages 180-189.
    2. Catherine Locatelli & Mehdi Abbas & Sylvain Rossiaud, 2015. "Russia and China hydrocarbon relations A building block toward international hydrocarbon regulation?," Working Papers hal-01246346, HAL.
    3. Catherine Locatelli, 2015. "EU-Russia trading relations: the challenges of a new gas architecture," Post-Print hal-01131203, HAL.
    4. Catherine Locatelli, 2015. "Les échanges gaziers entre la Russie et la Chine à l’ aune de leur sécurité énergétique," Post-Print hal-01206226, HAL.
    5. Libman, Alexander, 2013. "Natural resources and sub-national economic performance: Does sub-national democracy matter?," Energy Economics, Elsevier, vol. 37(C), pages 82-99.
    6. Catherine Locatelli, 2015. "EU-Russia trading relations: the challenges of a new gas architecture," European Journal of Law and Economics, Springer, vol. 39(2), pages 313-329, April.
    7. Chi, Cheryl S.F. & Chen, Ling, 2012. "The sources of divergent practices in China's nuclear power sector," Energy Policy, Elsevier, vol. 48(C), pages 348-357.
    8. repec:eee:enepol:v:116:y:2018:i:c:p:232-241 is not listed on IDEAS

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