Oil production cost, financial development, and economic growth in Russia

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dc.contributor.authorRustamov, Bezhan
dc.contributor.authorAdaoglu, Cahit
dc.date.accessioned2026-02-06T18:47:30Z
dc.date.issued2018
dc.departmentDoğu Akdeniz Üniversitesi
dc.description.abstractThe study investigates the causal relationship between fossil energy sources, the production cost of oil and financial development on economic growth in Russia. The results show that Russian companies' production cost of oil and oil prices cause economic growth and the one-way causality is negative. We also find that there is one-way positive causality from natural gas price, financial development, and education to economic growth. The negative oil price effect supports the resource curse hypothesis, whereas the positive natural gas price effect does not. Russian policies should focus on lowering companies' production cost of oil, improving financial development and investing in education.
dc.identifier.doi10.1080/15567249.2018.1477868
dc.identifier.endpage309
dc.identifier.issn1556-7249
dc.identifier.issn1556-7257
dc.identifier.issue6
dc.identifier.orcid0000-0001-5771-9997
dc.identifier.orcid0000-0003-2698-0433
dc.identifier.scopus2-s2.0-85047412825
dc.identifier.scopusqualityQ2
dc.identifier.startpage301
dc.identifier.urihttps://doi.org/10.1080/15567249.2018.1477868
dc.identifier.urihttps://hdl.handle.net/11129/14427
dc.identifier.volume13
dc.identifier.wosWOS:000435123000002
dc.identifier.wosqualityQ4
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherTaylor & Francis Inc
dc.relation.ispartofEnergy Sources Part B-Economics Planning and Policy
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.snmzKA_WoS_20260204
dc.subjectCausality
dc.subjectco-integration
dc.subjecteconomic growth
dc.subjecteducation
dc.subjectfinancial development
dc.subjectoil production cost
dc.subjectresource curse
dc.subjectRussia
dc.subjectB23
dc.subjectD24
dc.subjectD72
dc.subjectF68
dc.subjectO13
dc.subjectO47
dc.titleOil production cost, financial development, and economic growth in Russia
dc.typeArticle

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