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The economy of Russia in multipolar world

Author

Listed:
  • 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, Publishing House "SINERGIA PRESS", vol. 30(2), pages 26-48.
  • Handle: RePEc:ris:apltrx:0208
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    File URL: http://pe.cemi.rssi.ru/pe_2013_2_26-48.pdf
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    References listed on IDEAS

    as
    1. Davis, Donald R. & Weinstein, David E., 1999. "Economic geography and regional production structure: An empirical investigation," European Economic Review, Elsevier, vol. 43(2), pages 379-407, February.
    2. Richard Blundell & Stephen Bond & Frank Windmeijer, 2000. "Estimation in dynamic panel data models: improving on the performance of the standard GMM estimator," IFS Working Papers W00/12, Institute for Fiscal Studies.
    3. Marius BRÜLHART & Federico TRIONFETTI, 1999. "Home-Biased Demand and International Specialisation : A Test of Trade Theories," Cahiers de Recherches Economiques du Département d'Econométrie et d'Economie politique (DEEP) 9918, Université de Lausanne, Faculté des HEC, DEEP.
    4. Hanson, Gordon H, 1998. "North American Economic Integration and Industry Location," Oxford Review of Economic Policy, Oxford University Press, vol. 14(2), pages 30-44, Summer.
    5. Lapo, Valentina, 2010. "Spatial concentration of production and investor expectations: the analysis of branch attraction of investments into regions," Applied Econometrics, Publishing House "SINERGIA PRESS", vol. 18(2), pages 3-19.
    6. 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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    Citations

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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, Publishing House "SINERGIA PRESS", vol. 33(1), pages 30-50.

    More about this item

    Keywords

    multipolar world; production; investment; employment; income; expectations; crises.;

    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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