Observations on the Costs of the Yukos Affair to Russia

A prominent senior British specialist on the Russian economy reviews some consequences of the Russian state's dismemberment and partial re-nationalization of the Yukos oil company. The implications for state interventionism of Russia's engagement in international markets are assessed, and the effects of market feedbacks to Russian policymakers analyzed. Also considered is the question of whether Russian economic structure is changing in ways that could lessen the vulnerability of business to state action. Journal of Economic Literature, Classification Numbers: F21, F23, F32, L71. 4 figures, 1 table, 16 references.     

Observations on the Influence of High Oil Prices on Russia's GDP Growth

A noted economist and observer of post-Soviet affairs presents a study probing the influence of high oil prices on Russia's GDP growth. The paper analyzes the contributions to the country's GDP by sectors of origin and final use, and pays special attention to the influence of trade margins produced by oil and gas but recorded and placed by Goskomstat Rossii in Russia's trade sector. The author's interpretation of statistical data released by Goskomstat Rossii as well as by Russian customs authorities enables him to conclude that the present-day economic boom in Russia can be characterized as consumption-led growth fueled by oil and gas export revenues. Journal of Economic Literature, Classification Numbers: C67, C82, E23, L71, Q43. 2 figures, 10 tables, 20 references.     

The Impact of Energy,Transport, and Trade on Air Pollution in China

A team of U.S.- and China-based geographers examines the relationship between China's economic development and its environment by modeling the effects of energy, transport, and trade on local air pollution emissions (sulfur dioxide and soot particulates) using the Environmental Kuznets model. Specifically, the latter model is investigated using spatial econometrics that take into account potential regional spillover effects from high-polluting neighbors. The analysis finds an inverted-U relationship for sulfur dioxide but a U-shaped curve for soot particulates. This suggests that soot particulates such as black carbon may pose a more serious environmental problem in China than sulfur dioxide. Journal of Economic Literature, Classification Numbers: C50, F10, Q43, R40. 4 figures, 3 tables, 47 references.     

Energy Intensity in Light of China's Economic Transition

Two economic geographers examine the impacts of economic transition on the efficiency of energy use in China, the second-largest energy consumer in the world. Following a brief review of reform and deregulation in China's energy sector, they proceed to systematically test the relationship between economic transition (conceptualized as a triple process of marketization, decentralization, and globalization) and energy intensity using a panel data set. The statistical units of analysis are China's 30 provincial-level administrative regions, facilitating the investigation of spatial variations in energy intensity. Journal of Economic Literature, Classification Numbers: O53, P20, Q40, Q43. 9 figures, 5 tables, 62 references.     

Forging Environmentalism: Justice,Livelihood and Contested Environments. Joanne Bauer,ed.

A senior Japanese authority on the Russian economy and its energy sector addresses the country's exposure to the so-called Dutch disease, suggesting that Russia did suffer from the potentially ruinous overdependence on oil and gas exports. The author argues, however, that the symptoms of the disease were actually not severe, attributing his interpretation to: (1) drastic decline of noncompetitive domestic manufacturing industries in the 1990s, which prompted a huge inflow of imports in the 2000s, but left competitive manufacturing enterprises in a position to survive; (2) extraordinary oil price increases in the 2000s, which significantly raised household and business incomes, creating augmented demand for products of domestic origin; (3) large differences between Russian and world prices of oil and gas, which functioned as subsidies for domestic manufacturing; and (4) massive intervention in foreign exchange markets by the Central Bank of Russia, which restricted the growth of imports and thus strengthened the surviving domestic manufacturing enterprises.     

The Clean Energy Dilemma in Asia: Observations on Russia and China

Two American economic geographers and prominent specialists, respectively, in the energy industries and resources of Russia and related economic developments in China, evaluate and supplement the material presented in the preceding paper on the clean energy dilemma in Asia (Wilbanks, 2008). The paper covers changes in the relationship between energy consumption and economic growth globally as well as in Russia and China, Russian oil and gas exports to Asia (more specifically to China), the development of energy resources and production in China, and energy intensities in both countries.     

China's Economic and Political Penetration in Africa

A senior American specialist on China and noted geographer presents a study of that country's economic and political penetration into the African continent. The author identifies three key elements of China's objectives and plan, namely (1) support for Chinese policies in international affairs, particularly with regard to Taiwan, (2) search for oil and other mineral resources, and (3) creation of a new market for Chinese goods and services in tandem with additional jobs in China. The paper includes four case studies highlighting economic activities stimulated by Chinese loans and investments in the Republic of South Africa, Egypt, Sudan, and Angola. Considerable attention is devoted to oil imports, exports of cheap consumer goods, and construction and repair of infrastructure by Chinese technicians and laborers, as well as the competition between Chinese imports and host-country manufacturing and the PRC's diplomatic support of rogue African nations. Journal of Economic Literature, Classification Numbers: F020, F210, F350, F540. 11 figures, 1 table, 47 references.     

China's Energy Security: Challenges and Priorities

In a companion paper to the essays comparing China's and India's economic rise (Prime, 2009) as well as India's energy security (Dadwal, 2009), two specialists on China's energy industries review the country's challenges posed by the need to dramatically increase energy use in order to support economic growth while coping with pressures to reduce environmental impacts from emissions of greenhouse gases. After reviewing the current mix of fuels in the economy and discussing each major energy resource (in terms of proven reserves, production, consumption, and foreign import requirements), the authors focus on measures undertaken by the Chinese government and corporations to improve access to vital supplies. The paper covers efforts to enhance the country's energy security, which include diversifying sources of oil supply, purchasing oil and gas concessions and financing of energy infrastructure development in African and Central Asian countries, instituting reforms to encourage more efficient energy use, and developing alternative energy sources. Journal of Economic Literature, Classification Numbers: O130, P280, Q400. 7 figures, 2 tables, 82 references.     

Oil Exploration in Russia: Prospects for Reforming a Crucial Sector

Two seasoned observers of the Russian oil industry analyze the country's policy response to developments in its mineral resources base (often perceived as an exploration crisis), with a focus on oil. The authors review and discuss trends in exploration (including its organization and efficiency), recent developments in its financing, and the reorganization of exploration activity. The evolution of Russia's licensing system is presented, drawing attention to changes that have affected incentives, risks, and barriers to potential resource users, both Russian and foreign. Also identified are conflicts between the objectives of resource managers and broader political goals and interests. Journal of Economic Literature, Classification Numbers: L710, Q310, Q380, Q410. 4 figures, 40 references.     

Humans and marine resource interaction reappraised: Archaeofauna remains during the late Pleistocene and Holocene in Cantabrian Spain

The exploitation of marine resources in Prehistory has traditionally been regarded as insignificant, at least until the late Upper Pleistocene. However, in recent years the systematic study of archaeofaunal remains with a marine origin has widened our knowledge of the role they played among groups of hunter–gatherers in Europe. This paper analyses the available data about the evidence for the exploitation of the different marine resources (molluscs, birds, mammals, crustaceans, echinoderms and fish) that have been recorded at archaeological sites in Cantabrian Spain in the late Pleistocene and early Holocene.With the information currently available, it is clear that although it is in the Mesolithic when archaeozoological remains with a marine origin are found most often, the exploitation of these resources in the region began in the Early Upper Palaeolithic.