Testing Russia’s Virtual Economy

Beyond a Bailout: Time to Face Reality About Russia’s “Virtual Economy”

Oil Price Shocks and Russia’s Economic Growth: The Impacts and Policies for Overcoming Them

Considering Russia’s rich and vast oil resources, this country is one of the world’s greatest producers and exporters of this nonrenewable energy resource, and like other petrostates, receives a major part of its national income in this way. The dependence of Russia’s budget on oil has raised the significance of world oil price fluctuations for this country. Since 1970s, the global oil market h...

The political Economy of Russia’s Economic Transition Problems since 1991 and their implications for Russia’s Relations with the West

The Role of Oligarchs in Russian Capitalism

A relatively small number of Russian industrial tycoons, or “oligarchs,” control a substantial share of Russia’s economy. Are these oligarchs likely to be agents of economic and political change or opponents of such change? Some consider the oligarchs to be the engine of Russia’s economic recovery and institutional reform since 1999 (Boone and Rodionov, 2002; Aslund, 2004). As oligarchs are the...

Discussion on Russia-Iran Bilateral Trade in the Modern Era with emphasis on Russia’s Economy

This paper is an empirical attempt to investigate bilateral trade flow between Iran and Russia. To this end, we used statistical analyses on macroeconomic series over the period of 1991-2017. Results revealed that there is a significant statistical difference in terms of exports between Iran and Russia, and that there has always been a buyer-seller dialogue between the two countries. According ...