Is Russia Still Driving Regional Economic Growth?

Author/Editor:

Marco Pani ; Etibar Jafarov ; Clinton R. Shiells

Publication Date:

October 1, 2005

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

This paper investigates whether the linkages between economic growth in Russia and growth in other countries in the region have weakened over time, particularly following the 1998 Russian crisis. It specifies an econometric model that includes standard growth determinants as well as Russian economic growth, and which allows for the effects of Russian growth to vary over time. The paper finds that Russian growth was indeed a significant determinant of regional economic growth prior to the Russian crisis, but that this link weakened significantly thereafter.

Series:

Working Paper No. 2005/192

Subject:

Consumer price indexes Expenditure Exports Foreign exchange Inflation International trade Prices Real exchange rates

English

Publication Date:

October 1, 2005

ISBN/ISSN:

9781451862119/1018-5941

Stock No:

WPIEA2005192

Pages:

42

Please address any questions about this title to publications@imf.org