Growth Method of  Strategically Dominating Industry in Russia: Empirical Analysis of the Oil and Gas Industry

QI Wen-Hai

Russian Studies ›› 2009, Vol. 155 ›› Issue (1) : 74-86.

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Russian Studies ›› 2009, Vol. 155 ›› Issue (1) : 74-86.

Growth Method of  Strategically Dominating Industry in Russia: Empirical Analysis of the Oil and Gas Industry

  •  QI  Wen-Hai
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Abstract

Researches on Russian energy industry since the economic transformation have shown it as a strategic dominated energy industry has played a significant role in Russian economic transformation. The Russian energy industry has maintained a high growth rate and was the first one out of Russian transition crisis. Looking back on Russian energy industry before the economic transition has suggested that the extensive exploitation under the planned economic system is the basic reason hindering the potential of developing oil and gas, which we should recognize completely objectively. In this paper, the author describes the strengthening extensive way of economy development since economy transition from aspects such as design recovery rate and labor productivity. Besides, this article also makes a depth analysis of reasons and points out changes of economy developing ways of Russia's energy industry has influenced the overall economy including economic development, economic growth and economic restructuring.

Key words

Russia / Energy Industry / Economic Transition / Way of Development

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QI Wen-Hai. Growth Method of  Strategically Dominating Industry in Russia: Empirical Analysis of the Oil and Gas Industry[J]. Russian Studies. 2009, 155(1): 74-86
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