E3S Web Conf.
Volume 102, 2019Mathematical Models and Methods of the Analysis and Optimal Synthesis of the Developing Pipeline and Hydraulic Systems 2019
|Number of page(s)
|Optimal Development of Pipeline Systems
|14 June 2019
Gas pipeline infrastructure and economic growth of Russian regions: panel cointegration analysis
SC «Gazprom promgaz», 142702, Vidnoe, Moscow region, Russian Federation
* Corresponding author: firstname.lastname@example.org
The Russian gas supply system is one of the largest infrastructures in the world. It is continuing to develop at a high rate. Modern methodological approaches and software allow to investigate the relationship between the development of energy infrastructure and economic dynamics of the regions. This paper proposes a methodological approach to the evaluation of the relationship “development of gas distribution systems – economic growth”. The evaluation is based on the concept of cointegration and an error-correction models. This approach identifies both long-run and short-run components of this relationship. In this paper we aim to estimate the relationship using annual data of 17 Central Russia regions for the period 1998-2017. The results indicate that this relationship is statistically significant. It allows to apply proposed approach and the obtained estimates to the problems of analysis and forecasting of the domestic gas market.
© The Authors, published by EDP Sciences, 2019
This is an open access article distributed under the terms of the Creative Commons Attribution License 4.0 (http://creativecommons.org/licenses/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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