Is Russia Still Driving Regional Economic Growth?
October 1, 2005
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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
Pages:
42
Volume:
2005
DOI:
Issue:
192
Series:
Working Paper No. 2005/192
Stock No:
WPIEA2005192
ISBN:
9781451862119
ISSN:
1018-5941
