Year of Graduation
Growth Rate in Oil Abundant Economy. the Case of Russia
Double degree programme in Economics of the NRU HSE and the University of London
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.