Arbeitspapier
Oil dependency of the Russian economy: an econometric analysis
A macro econometric model of the Russian economy is developed, containing 13 estimated equations - covering major national account variables, government expenditures and revenues, interest rates, prices and the labour market. The model is tailored to analyze effects of changes in the oil price and economic policy variables. The model has good statistical properties and tracks history well over the estimation period, which runs from 1995Q1 to 2008Q1. Model simulations indicate that the Russian economy is vulnerable to large fluctuations in the oil price, but we also find evidence of significant economic growth capabilities in the absence of oil price growth.
- Sprache
-
Englisch
- Erschienen in
-
Series: Discussion Papers ; No. 617
- Klassifikation
-
Wirtschaft
Model Construction and Estimation
General Aggregative Models: Forecasting and Simulation: Models and Applications
Monetary Policy
Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy
Energy and the Macroeconomy
- Thema
-
Russia
macro econometric model
oil price dependency
fiscal and monetary policy
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Benedictow, Andreas
Fjærtoft, Daniel
Løfsnæs, Ole
- Ereignis
-
Veröffentlichung
- (wer)
-
Statistics Norway, Research Department
- (wo)
-
Oslo
- (wann)
-
2010
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Benedictow, Andreas
- Fjærtoft, Daniel
- Løfsnæs, Ole
- Statistics Norway, Research Department
Entstanden
- 2010
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