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Russia’s economy and regional spillovers

Author

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  • Becker, Torbjörn

    () (Stockholm Institute of Transition Economics)

Abstract

This paper looks at how the Russian economy has developed under the leadership of Putin and how it spills over to its neighbours in the CIS region. It stresses the importance of international oil prices as a determinant of policies and outcomes in Russia and highlights how this has impacted macroeconomic performance during Putin’s different terms in office. Although Russia is not an economic superpower globally, the size and importance of Russia for the CIS region is significant and thus oil price changes also drive the economic development of non-fuel exporting CIS countries to a significant degree.

Suggested Citation

  • Becker, Torbjörn, 2019. "Russia’s economy and regional spillovers," SITE Working Paper Series 48, Stockholm School of Economics, Stockholm Institute of Transition Economics.
  • Handle: RePEc:hhs:hasite:0048
    as

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    File URL: https://swopec.hhs.se/hasite/papers/hasite0048.1.pdf
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    References listed on IDEAS

    as
    1. World Bank, 2011. "The Changing Wealth of Nations : Measuring Sustainable Development in the New Millennium," World Bank Publications, The World Bank, number 2252.
    2. Ofer, Gur, 2010. "Twenty Years Later and the Socialist Heritage is still Kicking: the Case of Russia," WIDER Working Paper Series 059, World Institute for Development Economic Research (UNU-WIDER).
    3. Anne D. Boschini & Jan Pettersson & Jesper Roine, 2007. "Resource Curse or Not: A Question of Appropriability," Scandinavian Journal of Economics, Wiley Blackwell, vol. 109(3), pages 593-617, September.
    4. repec:hrv:faseco:33078568 is not listed on IDEAS
    5. Andrei Shleifer & Daniel Treisman, 2005. "A Normal Country: Russia After Communism," Journal of Economic Perspectives, American Economic Association, vol. 19(1), pages 151-174, Winter.
    6. Simeon Djankov, 2015. "Russia's Economy under Putin: From Crony Capitalism to State Capitalism," Policy Briefs PB15-18, Peterson Institute for International Economics.
    7. Sachs, Jeffrey D. & Warner, Andrew M., 2001. "The curse of natural resources," European Economic Review, Elsevier, vol. 45(4-6), pages 827-838, May.
    8. repec:eee:rujoec:v:1:y:2015:i:1:p:30-54 is not listed on IDEAS
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    More about this item

    Keywords

    Russia; Putin; macroeconomis; CIS; transition;

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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