Globalization and socio-economic development in Russia

Elena Kopnova () and Lilia Rodionova
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Elena Kopnova: National Research University Higher School of Economics, Moscow, Russian Federation

Applied Econometrics, 2020, vol. 60, 80-101

Abstract: The work is devoted to modeling the dynamic relationship of globalization and the level of socioeconomic development in Russia. Vector error correction models taking into account structural shifts in trend parameters for short time series are considered. The results of the calculations are compared with the counterparts in Switzerland and the Netherlands. The bidirectionality of this connection is justified. The priority of separate processes of globalization is shown. The relations between its actual and institutional components are determined.

Keywords: KOF index of globalization; model of cointegration; structural changes; vector error correction model; impulse response function; forecast errors variance decomposition (search for similar items in EconPapers)
JEL-codes: C51 E10 F02 (search for similar items in EconPapers)
Date: 2020
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