This paper examines the relationship between raw materials prices and economic growth through two channels, the terms of trade (ToT) and energy efficiency (EF), in three emerging Pacific Rim economies, Russia, Indonesia and Malaysia. We demonstrate positive relationships between changes in...

The Russian economy is experiencing ‘Russian Disease’ (R-D) whose major symptom is a strong positive relationship between the real output growth and oil prices from 1995 through 2010. The symptoms differ significantly from those characterizing Dutch Disease. We also show that there is no...

This article presents estimations of a Cobb-Douglas production function with a steady change in total factor productivity (TFP) for the Russian economy using quarterly data for the favourable period 1998Q3-2008Q2 and the period 1995Q1-2010Q2 as well. Compiling our baseline data on capital and...

1. Introduction -- 2. Characteristics and Development of State Statistics -- 3. Population -- 4. Labor -- 5. Agriculture -- 6. Industry -- 7. Money and Finance -- 8. State Budget -- 9. Foreign Trade -- 10. Supplement: Soviet Foreign Trade Earnings Revisited -- 11. Gross Domestic Products -- 12....