Jsou přírodní zdroje požehnáním nebo prokletím? Případová studie Ruské federace v letech 1991-2021

The Russian Federation is the biggest country in the world and has one of the biggest natural resources reserves in the world, yet with small population density it does not have economical results as even smaller resource rich countries. As the Earth is coming closer to its limits the management of limited resources is starting to play a big role, and such huge resource deposits as are in Russia will have a dramatic impact on our world. That is why so important to study and predict its economy, politics and social situation. Russia is considered to be a typical example od the resource curse, the multiple studies show the problematic of dependency of Russian economy on the oil and gas exports and show signs of resource curse as: Dutch disease, lower level of freedom, corruption and shadow economy. Resource curse could have a terrible effect on the country and in case of Russia on the whole world, that is why the paper investigates to what extent does resource curse effects Russian economy. Through regression analysis was found out that oil prices have small impact in the long-term on the Ruble exchange rate only 2.4% but in the short run it is very dramatic 93%, , the human development index was determined by 82.7% by the volume of oil production in Russia and with β 3 =0.62, we conclude that the greatest relationship exists between world oil prices and Russia's GDP. So there is big impact of the oil prices on the Russian economy, but still it is not that dramatic, the real problem is unstable political situation of Russia in the world, which makes it hard to predict further development of Russian economy and country as a whole.