Is Russia Still Driving Regional Economic Growth?

Author/Editor: Shiells, Clinton R. ; Pani, Marco ; Jafarov, Etibar
Publication Date: October 01, 2005
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
Summary: This paper investigates whether the linkages between economic growth in Russia and growth in other countries in the region have weakened over time, particularly following the 1998 Russian crisis. It specifies an econometric model that includes standard growth determinants as well as Russian economic growth, and which allows for the effects of Russian growth to vary over time. The paper finds that Russian growth was indeed a significant determinant of regional economic growth prior to the Russian crisis, but that this link weakened significantly thereafter.
Series: Working Paper No. 05/192
Subject(s): Economic growth | Russian Federation | Baltics | Trade | Production

Author's Keyword(s): Economic growth | Russia | CIS | Baltics
Publication Date: October 01, 2005
ISBN/ISSN: 1934-7073 Format: Paper
Stock No: WPIEA2005192 Pages: 42
US$15.00 (Academic Rate:
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