Using dynamic panel models, the paper finds that Russia's output fluctuations are an important driver of output fluctuations of countries in the region, especially for oil importers, and are transmitted increasingly via trade and market confidence channels. The magnitude of cross-border spillovers is...
Hundreds and thousands of skilled workers have left or fled the country, either to fight or find work elsewhere - estimates range from 0.4% to 1.4% of Russia's workforce. This is weighing on economic growth, with the country's central bank warning recently: "The capacity to expand production...
As the year 2019 wraps up, a broader picture of how the global and Chinese economy fared this year can be seen. Though the official data has not been released, the latest forecast by the Organization for Economic Cooperation and Development (OECD) showed that the world eco...
Its economy is driven mostly by exports of commodities. Rises in oil prices will support growth as it is a fundamental aspect of Russia’s economy. The Central Bank of Russia has stated that if oil prices fall below $40 per barrel it would cause GDP to fall by 5%. Top 5 Russian ...
No abstract is available for this item.doi:10.1080/09668136.2019.1633125Andrei V. BelyiEurope Asia Studies
is much on the minds of G7 finance leaders as they meet in Niigata, Japan this week, with current G7 president Japan leading fresh efforts to diversify supply chains and reduce their heavy reliance on China, the world's second-largest economy and the second biggest ...
A big reason for the fall in that ratio is that the country has become richer over successive years. Switzerland’s GDP: Uptrend For Decades While the Swiss government is recording budget surpluses, the country is getting progressively richer each year. ...
Economy class seat rows designated to be closer to the doors, meaning you get off the plane quicker on arrival. Extra Legroom Seats Roomier seats located at the emergency exit rows or on the bulkhead rows in the economy and premium economy cabins. Sitting in these seats is subject to some...
Energy exports dominate Russia’s trade balance, providing the hard currency necessary to stabilize its economy. A majority of oil is exported; thus, the country has a dependency on oil prices as oil revenue is a key determinant of fiscal health, shaping public spending, infrastructure projects, ...
Military spending can have significant ramifications for a nation's economy. From a fiscal standpoint, each dollar spent on the military is a dollar not spent on other public resources. But military spending can also stimulate an economy, as it directs resources into the private sector for goods...