The Resource Factor and Socio-Economic Development of the Post-Soviet Republics

Abstract

The article presents the results of a study, the purpose of which was to test the hypotheses that represent the relationship of the resource sector to the socio-economic dynamics. Theoretical and methodological basis of the study were the concepts that reflect different views on the relationship of the resource sector and the national economy. Feature of this study is to select the object of study-the fifteen former Soviet republics having the early stage of public institutions, and are characterized by the search for models of effective involvement of the resource factor in the development of the national economy. Identify the relationships between the common trends of development of countries in the context of the selected groups and the extent of their commodity sector based on an analysis of the five macroeconomic indicators: GDP, public debt, foreign direct investment, unemployment, gross value added. Analysis revealed the relationship of the resource sector with the economic development of the post-Soviet countries in terms of the level, speed and quality of change.