Russia in World Economy: Current Status and Development Trends

N. Ivanova and G. Machavariani
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N. Ivanova: Institute of World Economy and International Relations (IMEMO) Russian Academy of Sciences, Moscow, Russia
G. Machavariani: Institute of World Economy and International Relations (IMEMO) Russian Academy of Sciences, Moscow, Russia

Journal of the New Economic Association, 2015, vol. 26, issue 2, 231-236

Abstract: This paper is devoted to the analysis of the recently published results of International Comparisons Program (ICP) from the point of view of Russia's positions in world economy. The new data about real world GDP calculated on the basis of Purchasing Power Parities (PPP) has been discussed. The authors also presented their own calculations and forecast estimations for long-term economic growth trend. The main result of this program is connected with the bigger role of developing countries in world economy, the new G7. The rate of economic growth for Russia up to 2020, according to our estimations, will be lower than the average for developing countries and for the world economy as a whole. Russia's share in world economy will be decreasing.

Keywords: international economic comparisons; purchasing power parities; world economy structure and dynamics; economic forecasts (search for similar items in EconPapers)
JEL-codes: E01 F43 N10 O47 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:nea:journl:y:2015:i:26:p:231-236

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