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Counter sanctions and well-being population of Russia: econometric analyses

Dmitriy Skrypnik () and Shakleina Marina

MPRA Paper from University Library of Munich, Germany

Abstract: This article examines the impact of counter-sanctions on the welfare of Russia’s population. We build a multiple-choice model and calculate the probability of being in a particular group of well-being based on the price (cost) of consumed counter-sanctions goods. The next step is the construction of a structural demand-supply system for estimating similar domestic good’s production elasticities. By knowing elasticity estimates we determine the price response to particular import closure. According to our estimates Russia's counter-sanctions led to an increase in poverty by 2.64 %.

Keywords: counter sanctions; well-being; multiple-choice model; structural demand-supply system. (search for similar items in EconPapers)
JEL-codes: C15 C30 C35 C38 C53 D12 F14 F17 I38 Q17 Q18 (search for similar items in EconPapers)
Date: 2019
New Economics Papers: this item is included in nep-cis, nep-hap and nep-tra
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