This paper explores the role of energy resources in Russia. We offer a more inclusive definition of oil and gas rents than is traditionally given and analyze how the mechanisms for distributing those rents have changed over time. We show how fluctuations in the level of rents have played a key...

The theme of this paper is the microeconomics of economic growth in Central and Eastern Europe (CEE) and the Newly Independent States (NIS) over the period 1950-2000. The key structural change in this region is the end of the socialist regime in 1989 and 1992, and the subsequent attempt at...