Natural resources: a curse or a blessing? Political incentives in the resource allocation (example of gazprom)

Abstract

In my presentation I will reflect on whether politicians (in particular Russian ones) tend to over-extract the natural resources, because of the boundaries to their short-term power and the willingness to satisfy the needs of the population during the period when they are in control; this strategy can contradict effective path in the medium, and long run. There is a model developed to answer to this questions by the scientists of Norwegian University of Science and Technology, James A. Robinson, Ragnar Torvik, and Thierry Verdier which can be applied to Russia as well, but interestingly there are major differences, and it seems to be that Russia’s situation is distinct, what does not surprise much taking into account its position on the market. When you are citing the document, use the following link http://essuir.sumdu.edu.ua/handle/123456789/13105