The studies of the International Monetary Fund offer a model for recom-mending sustainable budget policy to oil-exporting countries including Russia. The model does not contain any resource as a factor of production and assumes that Russian oil reserves will be exhausted by the middle of the...

This paper is following lectures given in 2010 at the Department of Economics of the European University at St. Petersburg in frameworks of the course Socio-economic statistics (module Natural resource statistics). (in Russian)

According to the Mehlum-Moene-Torvik model, the influence of institutions and natural resources on the level of GDP is ambiguous: depending on the value of a threshold function of institutional quality and natural resource endowment, the economy may be in one of the two equilibrium types -...