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Globalization and socio-economic development in Russia

Author

Listed:
  • Kopnova, Elena

    (National Research University Higher School of Economics, Moscow, Russian Federation)

  • Rodionova, Liliya

    (National Research University Higher School of Economics, Moscow, Russian Federation)

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.

Suggested Citation

  • Kopnova, Elena & Rodionova, Liliya, 2020. "Globalization and socio-economic development in Russia," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 60, pages 80-101.
  • Handle: RePEc:ris:apltrx:0408
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    References listed on IDEAS

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    More about this item

    Keywords

    KOF index of globalization; model of cointegration; structural changes; vector error correction model; impulse response function; forecast errors variance decomposition;
    All these keywords.

    JEL classification:

    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General
    • F02 - International Economics - - General - - - International Economic Order and Integration

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