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Economic Analysis: Theory and Practice
 

Russian mineral-resource-renting economy: a myth or reality?

Vol. 13, Iss. 19, MAY 2014

Available online: 11 May 2014

Subject Heading: STRATEGY OF ECONOMIC ADVANCEMENT

JEL Classification: 

Pages: 34-47

Danilenko L.N. Pskov State University, Pskov, Russian Federation
daniluda@rambler.ru

Many researchers define the specific development of the modern Russian economy as a "resource-renting economy". The article deals with display of such a definition of the domestic economy and assessment of its validity. The author concludes that the rent income flows, the flows' value and stability determine the dynamics and model of the country's development.

Keywords: resource-renting economy, rentier state, fiscal policy, monetary policy, sovereign fund, rent, exchange rate

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