首页|Do oil, coal, and natural gas consumption and rents impact economic growth? An empirical analysis of the Russian Federation
Do oil, coal, and natural gas consumption and rents impact economic growth? An empirical analysis of the Russian Federation
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NSTL
Elsevier
? 2022 Elsevier LtdRussian economic growth relies much on natural resources, leading to large quantities of greenhouse gas emissions. Therefore, this article aims to explore the causal relationship between oil/coal/natural gas consumption, coal/oil/natural gas rents, and economic growth in the example of the Russian Federation. We used the data from 1992 to 2018 and the ARDL Bounds test. Our empirical findings lead us to conclude a long-run relationship between all variables in the Russian Federation. According to the results, when the oil rents affect the economic growth positively, the natural gas rents and coal rents affect the economic growth, negatively.
NSTL
Elsevier
