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THE AGGREGATE PRODUCTION FUNCTION OF RUSSIAN ECONOMY IN 1990–2012
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THE AGGREGATE PRODUCTION FUNCTION OF RUSSIAN ECONOMY IN 1990–2012
Annotation
PII
S042473880000616-6-1
Publication type
Article
Status
Published
Authors
Olga Ponomareva  Anton Afanasyev
Edition
Volume 50 Issue 4
Pages
21-33
Abstract

Econometric models of the aggregate production function of the Russian economy have been built. These models adequately (from the standpoint of economics and econometrics) describe the expanded reproduction of the Russian economy in 1990–2012. The role of the national economic infrastructure and world oil price fluctuations on GDP as well as predictive power of econometric models are investigated.

Keywords
econometric analysis, macroeconomic production function, Russian economy, GDP, infrastructure, the Brent oil world price
Date of publication
01.10.2014
Number of purchasers
1
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1005
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