Modified computable general equilibrium model of the Russian economy with the gas industry RUSEC – PAO “GAZPROM”
Table of contents
Modified computable general equilibrium model of the Russian economy with the gas industry RUSEC – PAO “GAZPROM”
Publication type
Anton Afanasiev 
Occupation: Professor at National Research University – Higher School of Economics
Affiliation: Central Economics and Mathematics Institute, Russian Academy of Sciences
Address: Russian Federation, Moscow
Alexandr Vorontsov
Occupation: master program 1st year student at Faculty of Computer Sciences
Affiliation: Higher School of Economics
Address: Russian Federation, Moscow
Forecasting the key macroeconomic indicators and evaluating their variance, influenced by a change in natural monopolies’ tariffs is the key priority of any country. Computable general equilibrium (CGE) models are used for economical processes modeling and predicting macroeconomic indexes. CGE model of RUSEC-GAZPROM was designed in 2003 by CEMI RAS to estimate an impact of home natural gas prices change on key Russian macroeconomic indicators. The main purpose of this article is to show a modification of the initial version of RUSEC-GAZPROM by specifying economical agents’ behavior. This modification will allow researchers to investigate how the changes in home natural gas prices affect Russian macroeconomic indicators when gas production volumes are endogenous. There is a description of initial RUSEC–GAZPROM model, and it’s modification – RUSEC – PAO “GAZPROM” – as well as the description of model calibration process. The research also describes/shows the experiments made with the modified model, which demonstrate a reaction of the main Russian macroeconomic indicators on the change in home gas prices. The result of this research contains the modified version of RUSEC–GAZPROM and completed experiments with it. Modified RUSEC-GAZPROM model may be useful to Gazprom corporation, it’s subsidiaries and the Russian Government to find an effective strategy of regulating natural monopolies’ tariffs.
CGE model, Russian economy, gas industry, Gazprom, internal natural gas prices, macroeconomic indicators, experiments, scenario calculations
Date of publication
Number of purchasers
Readers community rating
0.0 (0 votes)
Cite Download pdf 1 RUB / 0.0 SU

To download PDF you should sign in

1 123


1. Afanasiev А. А. (2013). Modelling of Money Circulation Processes in the Economy with the Gas Industry. Moscow: CEMI RAS (in Russian).

2. Chernavskii S. (2015). Reform in the Russian Power Sector: Achievements and Failures. In: “Report to the 27th European Conference on Operation Research: Area Game, Theory, Mathematical Economics: Mathematical Models in Macro- and Microeconomics”. Glasgow. University of Strathclyde

3. Chernavskii S., Eismont O. (2012). How to Sell Russian Gas to Europe Via Ukraine. OPEC Energy Review, 36, 1, 87–103.

4. Chernavskii S. Ya. (2010). Anti-Crisis Measures and Modernization of the Energy Sector. In: Polterovich V. M. (ed.) “The strategy of modernization of the Russian economy”. Saint Petersburg: Aleteiya, 356–419 (in Russian).

5. Chernavskii S. Ya. (2011). The Market of Associated Petroleum Gas in Russia. In: Kleiner G. B. (ed.) “Mesoeconomics of Development.” Moscow: Nauka, 108–137 (in Russian).

6. Chernavskii S. Ya. (2012). Institutional Trajectory of the Development of Associated Petroleum Gas Markets in Russia. In: Yasin E. G. (ed.) “XIII April International Scientific Conference on the Problems of Development of the Economy and Society”. Book 1. Moscow: HSE Publ., 540–550 (in Russian).

7. Chernavskii S. Ya. (2012). Russia’s Gas Market: Reforming Trends. Journal of the New Economic Association, 4 (16), 157–160 (in Russian).

8. Chernavskii S. Ya. (2013). Reforms in the Regulated Sectors of the Russian Energy Industry. Moscow, Saint Petersburg: Nestor-Istoriya (in Russian).

9. Chernavskii S. Ya. (2013). The Problems of Increasing the Efficiency of the Russian Gas Industry. EKO, 8 (470), 57– 78 (in Russian).

10. Chernavskii S. Ya. (2014). Successes and Failures of the Russian Energy Market Reforms. Journal of the New Economic Association, 3, 165–168 (in Russian).

11. Chernavskii S. Ya. (2015). Successes and failures of reforming the Russian energy sector. In: “Proceedings of the Open Seminar Economic Problems of the Energy Complex”. Moscow: INP (in Russian).

12. Chernavskii S. Ya. (2016). Problems of Increasing Overall Efficiency in the Russian Gas Sector. Problems of Economic Transition, 58, 2, 142–161

13. Chernavskii S. Ya., Eismont O. А. (2010). Is Russia Favored by the Gas Cartel (on the Example of the European Gas Market)? Journal of the New Economic Association, 1–2, 127–149 (in Russian).

14. Katyshev P. K., Chernavskii S. Ya., Eismont O. А. (2012). Estimation of the Cost Function of Electricity Production in Russia. In: “XII International Scientific Conference on the Problems of Development of the Economy and Society”. Book 4. Moscow: HSE Publ., 120–130 (in Russian).

15. Katyshev P. K., Peresetsky A. A., Chernavskii S. Ya., Eismont O. А. (2004). The Impact of Higher Tariffs on Natural Gas and Electricity on the Russian Economy. In: Yasin E. G. (ed.) “Competitiveness and modernization of the economy”. Book 1. Moscow: HSE, 250–268 (in Russian).

16. L’vov D.S., Chernavskii S. Ya. (2000). On the Reform of the Electric Power Industry in Russia. Economic Science of Contemporary Russia, 2, 53–60 (in Russian).

17. Makarov V. L. (1999). Computable General Equilibrium Model of Russian Economy. Moscow: CEMI RAS (in Russian).

18. Makarov V. L., Afanasiev et al. (2003). Evaluation of the Impact of Gas Prices on the Main Macroeconomic Indicators of the Russian Economy. In: Chernavsky S. Ya. (ed.) “Analysis of price elasticity of demand for natural gas in Russia: Report” 2 edition. Moscow: CEMI RAS (in Russian).

19. Makarov V. L., Afanasiev А. А., Losev А. А. (2011). Computable Simulation Model for Money Circulation in the Russian Economy. Economics and Mathematical Methods, 47, 1, 3–27.

20. Makarov V. L., Chernavskii S. Ya., Eismont O. А. (2014). Reforming the Russian Electric Power Industry: Theory and Practice. In: Petrakov N. Ya. (ed.) “Modernization and Economic Security of Russia”. Vol. 4. Moscow, Saint Petersburg: Nestor-Istoriya, 53–77 (in Russian).

21. Makarov V. L., Filkin M. Ye., Tsveta’eva Z.N., Chernavskii S. Ya. (2016). Design and Analysis of Reforms in the Russian Energy Sector. In: “Modernization and Economic Security of Russia”. Vol. 6. Moscow, Saint Petersburg: Nestor-Istoriya, 154–206 (in Russian).