Terms of trade and Russian economic development

Terms of Trade Volatility, Government Spending Cyclicality, and Economic Growth

This paper presents estimates of the effects that terms of trade volatility has on real GDP per capita growth. Based on 5-year non-overlapping panel data comprising 175 countries during 1980-2010, the paper finds that terms of trade volatility has significant adverse effects on economic growth in countries with procyclical government spending; in countries where government spending is countercy...

Terms of trade, economic growth, and trade patterns: a small open-economy case

By incorporating human capital accumulation into a dynamic trade model, we examine the relationship between the growth rate and the specialization pattern of a growing economy. We found that as long as its autarky price differs from the world price, a small open-economy eventually specializes completely. Furthermore, the impact of the terms of trade on the growth rate depends on the trade patte...

Social and Economic Disproportion of Development of Russian Territories Volkov,

The article analyses the interdependencies between the development level of the regions’ social sphere and the level of their competitive power. The author traces the correlation between the level of living (living standards) and the level of the territories’ competitive power by the example of international ratings and statistical data regarding the development of the Russian regions. The stud...

the effect of terms of trade and its volatility on economic growth in iran

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Gravity Model of Trade and Russian Exports