Is Russia Still Driving Regional Economic Growth?

By Marco Pani, Etibar Jafarov, Clinton R. Shiells

October 1, 2005

Preview Citation

Format: Chicago

Marco Pani, Etibar Jafarov, and Clinton R. Shiells Is Russia Still Driving Regional Economic Growth?, (USA: International Monetary Fund, 2005) accessed September 20, 2024

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.

Subject: Consumer price indexes, Expenditure, Exports, Foreign exchange, Inflation, International trade, Prices, Real exchange rates

Keywords: Baltics, CIS, CIS country, Coefficient estimate, Consumer price indexes, Country dummy, Economic growth, Exports, Government expenditure, Growth regression, Inflation, Real exchange rates, Russia, Russia still, Vis-à-vis Russia, WP

Publication Details

Pages:

42
Volume:

---
DOI:

---
Issue:

---
Series:

Working Paper No. 2005/192
Stock No:

WPIEA2005192
ISBN:

9781451862119
ISSN:

1018-5941

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

IMF Working Papers