The Laboratory for Economic Performance and the Environment at Economic Faculty was established in February 2015 with core funding from St. Petersburg State University.
The head of the Laboratory is Professor van der Ploeg, an economist with experience in the economics of natural resources and climate change. He is Professor and Research Director of the Oxford Centre for the Analysis of Resource Rich Economies at the University of Oxford where he directs the research output of a team and an international hub of researchers interested in understanding the effects of large natural resource endowments of oil, gas, gold copper, zinc etcetera on the performance of economies, paying particular attention to Dutch disease, local impact effects, foreign direct investment, absorption constraints, credit market constraints, political economy and growth and development. Deputy head of the Laboratory is Professor Nadezhda Pakhomova who is working on Government Policy and Institutional Economics with a particular focus on Green and Sustainable.
The objective of the research is to understand what society can do to deal with global warming and the possibility of climate catastrophes. This requires pricing carbon (via emission taxes or emission markets) appropriately and also subsidizing renewable use if there are learning by doing and other market failures in the development of green innovations. It is crucial that this research makes use of various spheres of knowledge such as macroeconomics, public finance, international economics, global economy, environmental economics, climate economics, natural resource economics, optimal control and dynamic game theory, political economy and applied econometrics.