Preview

Voprosy Ekonomiki

Advanced search
Open Access Open Access  Restricted Access Subscription Access

Economic Growth and Competitiveness in Russia: Price and Non-price Factors of Analysis

https://doi.org/10.32609/0042-8736-2006-3-42-61

Abstract

The article is devoted to the analysis of economic growth perspectives and dynamics of competitiveness indicators of the Russian economy on macro-level (including main industry branches). The indicators of real effective exchange rate are analyzed along with unit labor cost indicators for estimating investment potential of the Russian economy in its relation to the main trade partners. Additionally, opportunities of parallel analysis of integral (price and non-price) and partial competitiveness indicators are examined with the aim to isolate the effects of various parameters of competitiveness on the integral indicator registered by surveys. The classical technique of the financial portfolio analysis for quantitative estimation of the Russian industry’s portfolio diversification in 1999—2004 is applied as a measure of structural competitiveness.

About the Author

V. Mironov
Foundation for Economic Research "Centre of Development"
Russian Federation


References

1. Cheung Y.-W., Chinn M., Pascual A. Empirical Exchange Rate Models of the Nineties: Are Any Fit to Survive? NBER Working Paper. 2002. No 9393.

2. Chinn Menzie D. A Primer on Real Effective Exchange Rates: Determinants, Overvaluation, Trade Flows and Competitive Devaluation. NBER Working Paper. 2005. No 11521.

3. Durand M., Madaschi C., Terribile F. Trends in OECD Countries' International Competitiveness: the Influence of Emerging Market Economies. OECD Economics Department Working Papers. 1998. No 195.

4. Durand M., Simon J., Webb C. OECD's Indicators of International Trade and Competitiveness. OECD Economics Department Working Papers. 1992. No 120.

5. Golub S. Comparative Advantage, Exchange Rates and Sectoral Trade Balances of Major Industrial Countries // IMF Staff Papers. 1994. Vol. 41. No 2. P. 286-313.

6. Guerguil M., Kaufman M. D . Competitiveness and the Evolution of the Real Exchange Rate in Chile. IMF Working Papers. 1998. No. 98/58.

7. Thirwall A. Balance of Payments: Theory and the United Kingdom Experience. L.: MacMillan, 1986.


Review

For citations:


Mironov V. Economic Growth and Competitiveness in Russia: Price and Non-price Factors of Analysis. Voprosy Ekonomiki. 2006;(3):42-61. (In Russ.) https://doi.org/10.32609/0042-8736-2006-3-42-61

Views: 720


ISSN 0042-8736 (Print)