Уровень добычи нефти как фактор роста экономики Арктики (США, Аляска)

Translated title of the contribution: The Lеvel of Oil Production as a Growth Factor in the Arctic Economy (USA, Alaska)

Research output: Contribution to journalArticlepeer-review

Abstract

The objective of our study was estimating how the factor of the region’s energy resources, which we have attributed to the oil production growth rates on the Alaska North Slope, affects the economic growth of Alaska. The study methodology is based on both classical models of economic growth and their modification considering the factor of energy resources. A vector error correction model (VECM) was used for the purpose of our investigation. The influence of classical factors, labor and capital, on economic growth of the region in the short-term perspective has been empirically proven. Other factors such as energy resources and technological progress are also significant. Our investigation proves that oil industry development is the key factor of economic growth of the Arctic region in the USA. Development of the oil and gas production sector in Alaska attracts investment into the business of oil and gas production and infrastructure companies and creates jobs for the local population
Translated title of the contributionThe Lеvel of Oil Production as a Growth Factor in the Arctic Economy (USA, Alaska)
Original languageRussian
Pages (from-to)155-164
Number of pages10
JournalЭКО
Volume49
Issue number9 (543)
DOIs
Publication statusPublished - Sep 2019

OECD FOS+WOS

  • 5.02 ECONOMICS AND BUSINESS

State classification of scientific and technological information

  • 06 ECONOMY AND ECONOMIC SCIENCE

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