| Issue |
E3S Web of Conf.
Volume 389, 2023
Ural Environmental Science Forum “Sustainable Development of Industrial Region” (UESF-2023)
|
|
|---|---|---|
| Article Number | 09022 | |
| Number of page(s) | 9 | |
| Section | Environmental Policy and Economics | |
| DOI | https://doi.org/10.1051/e3sconf/202338909022 | |
| Published online | 31 May 2023 | |
Determination of Influence of the oil production factor on the Russian economy
Belgorod State National Research University, 85 Pobedy str., 308015, Belgorod, Russia
* Corresponding author: gordya@bsu.edu.ru
Macroeconomic indicators characterizing the development of Russia has been analyzed during the study. The position of the Russian Federation in the world arena on the indicators of oil production and export has also been determined. The article describes the results of statistical analysis and forecasting of the oil market of the Russian Federation. An analysis of the dependence of monetary aggregates on factors of oil production, export and the price of oil has been conducted using three-factor model. A close relationship between the factors of oil and monetary aggregates has been revealed. The obtained results of the study are of interest for forecasting the economic state of the country and monitoring oil production volumes.
© The Authors, published by EDP Sciences, 2023
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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