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The economy of Russia in multipolar world

Valentina Lapo ()

Applied Econometrics, 2013, vol. 30, issue 2, 26-48

Abstract: There have been several poles of development: USA, Europe, and China are formatted in the world economy. How does the multipolar world economy influence the Russian economy’s development? The studies based on the main results of new economic geography and gravity theory concerning the spatial concentration of production in the economy of countries and large regions. We propose the econometric model of industrial production, employment, investment, and income under expectation about the multipolar world economy. Results of estimation give proof to significant influence of world economic poles on development of the Russian economy.

Keywords: multipolar world; production; investment; employment; income; expectations; crises. (search for similar items in EconPapers)
JEL-codes: E27 R12 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (1)

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