Determination of Influence of the oil production factor on the Russian economy

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 forec...

Full description

Bibliographic Details
Main Authors: Vaganova Oksana, Melnikova Natalia, Gordya Daria, Konshina Lilia
Format: Article
Language:English
Published: EDP Sciences 2023-01-01
Series:E3S Web of Conferences
Online Access:https://www.e3s-conferences.org/articles/e3sconf/pdf/2023/26/e3sconf_uesf2023_09022.pdf
_version_ 1797807937339523072
author Vaganova Oksana
Melnikova Natalia
Gordya Daria
Konshina Lilia
author_facet Vaganova Oksana
Melnikova Natalia
Gordya Daria
Konshina Lilia
author_sort Vaganova Oksana
collection DOAJ
description 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.
first_indexed 2024-03-13T06:30:07Z
format Article
id doaj.art-9e7fc3d57109472a97ebbbfce6c6420e
institution Directory Open Access Journal
issn 2267-1242
language English
last_indexed 2024-03-13T06:30:07Z
publishDate 2023-01-01
publisher EDP Sciences
record_format Article
series E3S Web of Conferences
spelling doaj.art-9e7fc3d57109472a97ebbbfce6c6420e2023-06-09T09:08:59ZengEDP SciencesE3S Web of Conferences2267-12422023-01-013890902210.1051/e3sconf/202338909022e3sconf_uesf2023_09022Determination of Influence of the oil production factor on the Russian economyVaganova Oksana0Melnikova Natalia1Gordya Daria2Konshina Lilia3Belgorod State National Research UniversityBelgorod State National Research UniversityBelgorod State National Research UniversityBelgorod State National Research UniversityMacroeconomic 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.https://www.e3s-conferences.org/articles/e3sconf/pdf/2023/26/e3sconf_uesf2023_09022.pdf
spellingShingle Vaganova Oksana
Melnikova Natalia
Gordya Daria
Konshina Lilia
Determination of Influence of the oil production factor on the Russian economy
E3S Web of Conferences
title Determination of Influence of the oil production factor on the Russian economy
title_full Determination of Influence of the oil production factor on the Russian economy
title_fullStr Determination of Influence of the oil production factor on the Russian economy
title_full_unstemmed Determination of Influence of the oil production factor on the Russian economy
title_short Determination of Influence of the oil production factor on the Russian economy
title_sort determination of influence of the oil production factor on the russian economy
url https://www.e3s-conferences.org/articles/e3sconf/pdf/2023/26/e3sconf_uesf2023_09022.pdf
work_keys_str_mv AT vaganovaoksana determinationofinfluenceoftheoilproductionfactorontherussianeconomy
AT melnikovanatalia determinationofinfluenceoftheoilproductionfactorontherussianeconomy
AT gordyadaria determinationofinfluenceoftheoilproductionfactorontherussianeconomy
AT konshinalilia determinationofinfluenceoftheoilproductionfactorontherussianeconomy