{
  "title": "Is Russia Still Driving Regional Economic Growth?",
  "publication": "IMF Working Papers, October 1, 2005",
  "sourceUrl": "https://www.imf.org/en/publications/wp/issues/2016/12/31/is-russia-still-driving-regional-economic-growth-18551",
  "canonical": "https://www.imf.org/en/publications/wp/issues/2016/12/31/is-russia-still-driving-regional-economic-growth-18551",
  "overlayPath": "/en/publications/wp/issues/2016/12/31/is-russia-still-driving-regional-economic-growth-18551/index.md",
  "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.",
  "sections": [
    {
      "heading": "Authors and Publication",
      "content": "- Authors: Marco Pani, Etibar Jafarov, Clinton R. Shiells\n- Publication date: October 1, 2005\n- Series: Working Paper No. 2005/192\n- Issue: 192\n- Volume: 2005\n- Pages: 42\n- DOI: https://doi.org/10.5089/9781451862119.001\n- Stock No: WPIEA2005192\n- ISBN: 9781451862119\n- ISSN: 1018-5941"
    },
    {
      "heading": "Research Question and Approach",
      "content": "- 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.\n- Specifies an econometric model that:\n  - Includes standard growth determinants as well as Russian economic growth.\n  - Allows for the effects of Russian growth to vary over time."
    },
    {
      "heading": "Key Findings",
      "content": "- Russian growth was a significant determinant of regional economic growth prior to the Russian crisis.\n- The linkage between Russian growth and growth in other countries in the region weakened significantly after the 1998 Russian crisis."
    },
    {
      "heading": "Subject Areas and Keywords",
      "content": "- Subject: Consumer price indexes, Expenditure, Exports, Foreign exchange, Inflation, International trade, Prices, Real exchange rates\n- 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"
    },
    {
      "heading": "Notes on Use",
      "content": "- Disclaimer from the paper: 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.\n\nIMF Working Paper No. 2005/192 (October 1, 2005) — Marco Pani, Etibar Jafarov, Clinton R. Shiells.\n\n---\n\n Content in this bundle\n\n- wp05192\n  - wp05192 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - wp05192 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/is-russia-still-driving-regional-economic-growth-18551"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/wp/issues/2016/12/31/is-russia-still-driving-regional-economic-growth-18551/index.md)",
    "[Structured JSON version](/en/publications/wp/issues/2016/12/31/is-russia-still-driving-regional-economic-growth-18551/index.json)",
    "[Bundle manifest](/en/publications/wp/issues/2016/12/31/is-russia-still-driving-regional-economic-growth-18551/bundle-manifest.json)",
    "Authors: Marco Pani, Etibar Jafarov, Clinton R. Shiells",
    "Published: October 1, 2005",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781451862119.001",
    "Authors: Marco Pani, Etibar Jafarov, Clinton R. Shiells",
    "Publication date: October 1, 2005",
    "Series: Working Paper No. 2005/192",
    "Issue: 192",
    "Volume: 2005",
    "Pages: 42",
    "DOI: https://doi.org/10.5089/9781451862119.001",
    "Stock No: WPIEA2005192",
    "ISBN: 9781451862119",
    "ISSN: 1018-5941",
    "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.",
    "Specifies an econometric model that:",
    "Russian growth was a significant determinant of regional economic growth prior to the Russian crisis.",
    "The linkage between Russian growth and growth in other countries in the region weakened significantly after the 1998 Russian crisis.",
    "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",
    "Disclaimer from the paper: 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.",
    "**_wp05192**"
  ],
  "related": [
    {
      "title": "_wp05192",
      "role": "document",
      "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/wp/2005/_wp05192.pdf",
      "summary": {
        "path": "/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/wp/2005/_wp05192.pdf.md",
        "mime": "text/markdown"
      },
      "binary": {
        "path": "/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/wp/2005/_wp05192.pdf",
        "mime": "application/pdf"
      }
    }
  ],
  "alternates": {
    "markdown": "/en/publications/wp/issues/2016/12/31/is-russia-still-driving-regional-economic-growth-18551/index.md",
    "json": "/en/publications/wp/issues/2016/12/31/is-russia-still-driving-regional-economic-growth-18551/index.json",
    "bundleManifest": "/en/publications/wp/issues/2016/12/31/is-russia-still-driving-regional-economic-growth-18551/bundle-manifest.json"
  },
  "generatedAtUtc": "2026-09-17T17:04:42.669Z"
}