Conference paper explores the issue of hydrocarbon revenue in private sector growth

Conference paper explores the issue of hydrocarbon revenue in private sector growth Professor Yelena Kalyuzhnova and Dr Christian Nygaard, from the School of Economics, presented their paper 'Oil, Credit Growth and State Owned Financial Intermediaries in Russia and Kazakhstan' at the conference '20 years of Transition in Central and Eastern Europe: Money, Banking and Financial Markets' in London on 17 September, 2009. The paper analyses the role of hydrocarbon revenue in private sector growth and attempts to triangulate this evidence with state accumulation and redirection of such revenues and recent state intervention in Russia and Kazakhstan following the financial crisis.