Abstract
The paper examines the economic development model in Krasnoyarsk Krai of Russia, which is a new oil and gas producing region. Depending on the role of oil and gas sector in regional economy, there are two alternative models of economic development for oil and gas producing regions: a resource enclave or a resource cluster. The resource enclave and resource cluster models have opposite long-term consequences for sustainable socio-economic development of regions. The paper provides the methodological framework for exploring the development model of oil and gas producing regions, which includes a set of indicators to assess socio-economic impacts of oil and gas activity. The results demonstrate that a resource enclave rather than a resource cluster has been formed in Krasnoyarsk Krai. A significant increase in oil and gas production did not have appreciable socio-economic benefits for the region and led to increased resource dependence of the regional economy. Thus, the resource enclave development model results in the region’s inability to create the foundation for sustainable socio-economic development after the depletion of non-renewable natural resources.
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