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A simple macro-econometric simultaneous equation model for the Russian economy

Sergey Sinelnikov-Murylev and Andrey Polbin

Research Paper Series, 2020, issue 180, 51

Abstract: This paper presents a simple macro-econometric simultaneous equation model for the Russian economy. The model sets the relationship between consumer and investment demand with current income, and income itself is defined as the sum of consumption, investment, government spending and net exports. Despite the extreme simplicity of the model, it shows reasonably good explanatory properties and the parameter estimates are interpretable.

Keywords: Russian economy; modelling; macroeconomic indicators (search for similar items in EconPapers)
JEL-codes: C32 E27 E62 (search for similar items in EconPapers)
Date: 2020
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https://www.iep.ru/files/RePEc/gai/rpaper/rpaper-2020-180-1005.pdf Revised Version, 2020 (application/pdf)

Related works:
Journal Article: A simple macro-econometric simultaneous equation model for the Russian economy (2021) Downloads
Journal Article: A simple macro-econometric simultaneous equation model for the Russian economy (2020) Downloads
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