Oleg, Eismont; Aleksey, Logvin; Anatoly, Petrov - EERC Research Network, Russia and CIS - 2002
Though Russia is very rich in natural resources, the share of natural resource rental payments in budget revenues is … very low, less than 4% of the consolidated budget. Like many other natural resources in Russia, timber is under-priced, due …, largely, to low stumpage fees. In this paper, timber rent in Russia is estimated, using normative data on logging as well as …