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The exogenous factors of growth of the Russian economy


Nicholay Zyulyaev
(about the author)

Zyulyaev Nicholay A. – Candidate of Science, Economics, Associate Professor of the Chair of Social Studies and Technologies (Volga State University of Technology, Yoshkar-Ola)

Published in:
Russian Journal of Entrepreneurship
– Volume 16, Number 15 (August, 2015)



Keywords: currency rate, economic growth, exogenous variables, import substitution, net export, sanctions


Citation:
Nicholay Zyulyaev (2015). The exogenous factors of growth of the Russian economy. Russian Journal of Entrepreneurship, 16(15), 2407-2422. doi: 10.18334/rp.16.15.557


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Abstract:

The article discusses the exogenous factors affecting the growth of the Russian economy. To analyze the effect of these factors on the economic growth, the multiple regression model is used. It is pointed out that the net export used to make both positive and negative contribution into the economic growth. The weak links of the dynamics of the Russian economy with currency rate changes and the international oil price is shown. The import substitution industrialization may become an important factor for the future growth. 








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