Download or read book Is Russia Still Driving Regional Economic Growth? written by Etibar Jafarov and published by INTERNATIONAL MONETARY FUND. This book was released on 2005-10-01 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates whether the linkages between economic growth in Russia and growth in other countries in the region have weakened over time, particularly following the 1998 Russian crisis. It specifies an econometric model that includes standard growth determinants as well as Russian economic growth, and which allows for the effects of Russian growth to vary over time. The paper finds that Russian growth was indeed a significant determinant of regional economic growth prior to the Russian crisis, but that this link weakened significantly thereafter.