ECONOMIC OF MINING
Original Paper
UDC 330.13 © O.Yu. Kuzmina, M.E. Konovalova, S.K. Demchenko, Yu.Yu. Suslova, A.V. Voloshin, 2023
ISSN 0041-5790 (Print) • ISSN 2412-8333 (Online) • Ugol’ – Russian Coal Journal, 2023, № 2, pp. 56-59
DOI: http://dx.doi.org/10.18796/0041-5790-2023-2-56-59
Title
RENT AS THE RESULT OF IMPLEMENTING THE MONOPOLY ON THE PRODUCTION FACTOR OWNERSHIP
Authors
Kuzmina O.Yu.1, Konovalova M.E.1, Demchenko S.K.2, Suslova Yu.Yu.2, Voloshin A.V.2
1Samara State University of Economics, Samara, 443090, Russian Federation
2Siberian Federal University, Krasnoyarsk, 660041, Russian Federation
Authors Information
Kuzmina O.Yu., PhD (Economic), Associate Professor of Economic Theory Department, e-mail: pisakina83@yandex.ru
Konovalova M.E., Doctor of Economic Sciences, Head of Economic Theory Department, e-mail: mkonoval@mail.ru
Demchenko S.K., Doctor of Economic Sciences, Professor of the Commerce and Marketing Department, e-mail: sdemchenko@sfu-kras.ru
Suslova Yu.Yu., Doctor of Economic Sciences, Head of the Commerce and Marketing Department, e-mail: ysuslova@sfk-kras.ru
Voloshin A.V., PhD (Economic), Associate Professor of the Commerce and Marketing Department, e-mail: avvoloshin@sfk-kras.ru
Abstract
In the current economic environment, the rent-oriented business pattern is basic for various industries and sectors of the economy, including the mining industry. Rent, being a result of monopolizing the production factor ownership, stimulates the owners to effective use their possessions. This article provides a retrospective and comparative analysis of various scientific approaches to studying rent as a factor income, reveals its essence as an economic category, describes the reasons for the emergence and the varieties of rent payments. A particular attention is paid to investigating the mining rent appropriation mechanism with account of ecological needs of the society.
Keywords
Rent, Production factor, Monopoly of property, Quasi-rent, Mining rent, Environmental rent, Anti-rent.
References
1. Razovskiy Yu.V., Borisova O.V., Artemiev N.V. & Saveleva E.Yu. About rent contradictions of subsurface use. Ugol’, 2021, (1), pp. 43-45. (In Russ.). DOI: 10.18796/0041-5790-2021-1-43-45.
2. Stratford B. The Threat of Rent Extraction in a Resource-constrained Future. Ecological Economics, 2020, (169), 106524. DOI: 10.1016/j.ecolecon.2019.106524.
3. Serov V.M. & Astafyeva O.E. Substantiation of methodical approaches to determination of natural rent of coal deposits. Ugol’ , 2020, (4), pp. 37-39. (In Russ.). DOI: 10.18796/0041-5790-2020-4-37-39.
4. Yakovets Yu.V. Rent, anti-rent, and quasi-rent in the global-civilizational dimension. Moscow, Academkniga Publ., 2003, 240 p. (In Russ.).
5. Alchian A.A. Rent. Economic theory. Moscow, INFRA-M Publ., 2004, pp. 714-723. (In Russ.).
6. Li Y., Tariq M., Khan S., Rjoub H. & Azhar A. Natural resources rents, capital formation and economic performance: Evaluating the role of globalization. Resources Policy, 2022, (78), 102817. DOI: 10.1016/j.resourpol.2022.102817.
7. Minu G., Ampofo K., Jinhua C., Bosah P.C., Ayimadu E.T. & Senadzo P. Nexus between total natural resource rents and public debt in resource-rich countries:A panel data analysis. Resources Policy, 2021, (74), 102276. DOI: 10.1016/j.resourpol.2021.102276.
8. Prlji? S., Nikitovi? Z., Stojanovi? A. Cogoljevi? D., Pe?i? G. & Alizamir M. Management of business economic growth as function of resource rents. Physica A: Statistical Mechanics and its Applications, 2018, (491), pp. 325-328. DOI: 10.1016/j.physa.2017.09.087.
9. Akram V. & Ali J. Do countries converge in natural resources rents? Evidence from club convergence analysis. Resources Policy, 2022, (77), 102743. DOI: 10.1016/j.resourpol.2022.102743.
10. Canh N.P., Schinckus C. & Thanh S.D. The natural resources rents: Is economic complexity a solution for resource curse? Resources Policy, 2020, (69), 101800. DOI: 10.1016/j.resourpol.2020.1018007.
11. Korkmaz ?. Do oil, coal, and natural gas consumption and rents impact economic growth? An empirical analysis of the Russian Federation. Resources Policy, 2022, (77), 102739. DOI: 10.1016/j.resourpol.2022.102739.
12. Chernyavskiy S.V., Shutov O.L. & Astakhova I.A. Challenges of improving the mechanism of resource rent extraction in the interests of the resource owner. Vestnik Tomskogo gosudarstvennogo unibersiteta. Ekonomika, 2021, (56), pp. 119-127. (In Russ.). DOI: 10.17223/19988648/56/9.
13. Wang L., Shao Y., Sun Y. & Wang Y. Rent-seeking, promotion pressure and green economic efficiency: Evidence from China. Economic Systems, 2022, (10), 1011. DOI: 10.1016/j.ecosys.2022.101011.
14. Merkuryev V.V., Kosinsky P.D., Tomilin K.V. & Kolesnikova E.G. Economic impact of the coal industry in the region: assessment of environmental and economic losses. Ugol’, 2021, (11), pp. 19-24. (In Russ.). DOI: http://dx.doi.org/10.18796/0041-5790-2021-11-19-24.
For citation
Kuzmina O.Yu., Konovalova M.E., Demchenko S.K., Suslova Yu.Yu. &. Voloshin A.V. Rent as the result of implementing the monopoly on the production factor ownership. Ugol’, 2023, (2), pp. 56-59. (In Russ.). DOI: 10.18796/0041-5790-2023-2-56-59.
Paper info
ReceivedOctober 20, 2022
Reviewed December 15, 2022
Accepted January 26, 2023
