Growth Rate in Oil Abundant Economy. the Case of Russia

Student: Volozhin Nikita

Faculty: International College of Economics and Finance

Educational Programme: Double degree programme in Economics of the NRU HSE and the University of London (Bachelor)

Year of Graduation: 2017

In this paper I tried to analyze the impact of non-oil industries on economic growth. I have developed a model after a brief literature review and have taken non-oil TFP as an explanatory variable, In order to gain empirical evidence. I have introduced several models as a setup with different approach of calculating the variables. Overall, the performed work has satisfied the expected theoretical outcomes, the TFP variable has shown great significance on the economic growth.

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