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The economy of Russia in multipolar world

Author

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  • Lapo, Valentina

    (Siberian Federal University, Krasnoyarsk, Russia)

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.

Suggested Citation

  • Lapo, Valentina, 2013. "The economy of Russia in multipolar world," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 30(2), pages 26-48.
  • Handle: RePEc:ris:apltrx:0208
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    References listed on IDEAS

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    6. World Bank, 2012. "World Development Indicators 2012," World Bank Publications - Books, The World Bank Group, number 6014, December.
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    8. Hanson, Gordon H, 1997. "Increasing Returns, Trade and the Regional Structure of Wages," Economic Journal, Royal Economic Society, vol. 107(440), pages 113-133, January.
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    Cited by:

    1. Lapo, Valentina, 2014. "Efficiency of investment stimulation methods in a timber industry complex: An econometric research," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 33(1), pages 30-50.

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    More about this item

    Keywords

    multipolar world; production; investment; employment; income; expectations; crises.;
    All these keywords.

    JEL classification:

    • E27 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Forecasting and Simulation: Models and Applications
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)

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