Macroeconomic modeling of the Russian economy

Sergey Aivazian, Aleksandr Bereznyatsky () and Boris Brodsky
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Aleksandr Bereznyatsky: Central Economics and Mathematics Institute of the Russian Academy of Sciences, Russia, Moscow
Boris Brodsky: Central Economics and Mathematics Institute of the Russian Academy of Sciences, Russia, Moscow;

Applied Econometrics, 2017, vol. 47, 5-27

Abstract: In this paper the methodology for disaggregated macroeconomic model of the Russian economy of 1990–2010s is given. In this model the following main sectors of the Russian economy are considered: the real sector (subsectors EOM (export-oriented markets), DOM (domestic oriented markets), EM (natural monopolies)), the financial sector, the population. We try to explain why the real understanding of trends and tendencies of the Russian economy is achieved only via interactions between these sectors. The choice of predictors of the macroeconometric model is carried out on the basis of conclusions of the theoretical disaggregated model: the main factors of long-term dynamics in co-integrated equations are considered and the functional form of these equations is chosen. The main conclusion of the authors: the theoretical description of the Russian economy is possible on the basis of the structural disaggregated model which can be used for the macroeconometric modeling.

Keywords: Russian economy; disaggregated macromodel; applied econometric analysis (search for similar items in EconPapers)
JEL-codes: C14 C30 C32 E13 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ris:apltrx:0322

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