Modeling the Effects of Economic Policy and Changes in the Behavior of Economic Agents

Alexandra Bozhechkova, Natalia. Vashelyuk (), P.A. Nazarov (), Yury Perevyshin (), Elena Alexandrovna Tumanova and Natalia Shagas
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Natalia. Vashelyuk: Russian Presidential Academy of National Economy and Public Administration (RANEPA)
P.A. Nazarov: Russian Presidential Academy of National Economy and Public Administration (RANEPA)
Elena Alexandrovna Tumanova: Russian Presidential Academy of National Economy and Public Administration (RANEPA)
Natalia Shagas: Russian Presidential Academy of National Economy and Public Administration (RANEPA)

Published Papers from Russian Presidential Academy of National Economy and Public Administration

Abstract: This paper is devoted to the multidimensional analysis of the impact of shocks to the economic development of the countries at the present stage. Econometric analysis was applied for investigation fiscal policy shocks on the dynamics of aggregate output, consumption, investment, real wages in the Russian economy, 2002-2014. Paper analyzed the question about the existence and nature of the impact of the level of output on income inequality in the econometric study conducted at the regional data of the Russian Federation for the period 2000 to 2011. Using methods of panel analysis for the period 1990-2010, factors of economic growth of countries at different stages of development were identified. A comprehensive analysis of the impact of corruption on the main macroeconomic indicators was made on the basis of existing models and our modifications. The influence of the financial sector to economic development on panel data was studied.

Keywords: economic development; Russia; econometric analysis; consumption; fiscal policy (search for similar items in EconPapers)
Pages: 101 pages
Date: 2015-03-23
New Economics Papers: this item is included in nep-cis
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