Financial development and economic growth nexus in Russia

This paper examines the finance-growth nexus in Russia with the vector autoregression model, taking oil prices and foreign exchange rates into account. The analyzed period is from 1999 through 2008 (Subperiod 1) and from 2009 through 2014 (Subperiod 2). The results for Subperiod 1 suggest that there...

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Bibliographic Details
Main Author: Shigeki Ono
Format: Article
Language:English
Published: Voprosy Ekonomiki 2017-09-01
Series:Russian Journal of Economics
Subjects:
VAR
Online Access:http://www.sciencedirect.com/science/article/pii/S2405473917300430