THE IMPACT OF INTERNATIONAL COOPERATION ON THE NATIONAL ECONOMY

International production cooperation is becoming a major factor determining the relationship between the Russian economy and the global economy as well as the possibility of the country’s transition to a new technological level. The methods used to carry out the economic study include: observation a...

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Main Author: R. V. Kashbrasiev
Format: Article
Language:Russian
Published: Government of the Russian Federation, Financial University 2017-10-01
Series:Финансы: теория и практика
Subjects:
Online Access:https://financetp.fa.ru/jour/article/view/41
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author R. V. Kashbrasiev
author_facet R. V. Kashbrasiev
author_sort R. V. Kashbrasiev
collection DOAJ
description International production cooperation is becoming a major factor determining the relationship between the Russian economy and the global economy as well as the possibility of the country’s transition to a new technological level. The methods used to carry out the economic study include: observation and collection of facts, analysis and synthesis, abstract-logical method, mathematical modeling. Through building and using the econometric model, the author comes to the conclusion that the development of international economic relations has a positive effect on the growth of the national economy: an increase in imports by 1% results in Russian GDP growth by 1.83% (according to the first model) and 1.26% (according to the second model), while an increase in exports by 1% leads to Russian GDP reduction by 0.06% (as per the first model) and to growth by 0.84% (as per the second model). The article offers the author’s viewpoint on the results obtained from the econometric model, in particular the author finds that development of production cooperation in mechanical engineering (its share in exports is less than 10% while in imports it is 80%) as well as support of export-oriented high-tech enterprises have a clear positive impact on the national economy. The author’s approach to the study of the impact of international cooperation on the development of the national economy has an unquestionable theoretical and practical value. The obtained results correlate with the findings of other researchers [5, 6, 9].
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spelling doaj-art-e9130f0910ec4d55857f47afd5608eaa2025-08-20T03:01:19ZrusGovernment of the Russian Federation, Financial UniversityФинансы: теория и практика2587-56712587-70892017-10-0102799210.26794/2587-5671-2014-0-2-79-9278THE IMPACT OF INTERNATIONAL COOPERATION ON THE NATIONAL ECONOMYR. V. Kashbrasiev0Kazan (Volga region) federal universityInternational production cooperation is becoming a major factor determining the relationship between the Russian economy and the global economy as well as the possibility of the country’s transition to a new technological level. The methods used to carry out the economic study include: observation and collection of facts, analysis and synthesis, abstract-logical method, mathematical modeling. Through building and using the econometric model, the author comes to the conclusion that the development of international economic relations has a positive effect on the growth of the national economy: an increase in imports by 1% results in Russian GDP growth by 1.83% (according to the first model) and 1.26% (according to the second model), while an increase in exports by 1% leads to Russian GDP reduction by 0.06% (as per the first model) and to growth by 0.84% (as per the second model). The article offers the author’s viewpoint on the results obtained from the econometric model, in particular the author finds that development of production cooperation in mechanical engineering (its share in exports is less than 10% while in imports it is 80%) as well as support of export-oriented high-tech enterprises have a clear positive impact on the national economy. The author’s approach to the study of the impact of international cooperation on the development of the national economy has an unquestionable theoretical and practical value. The obtained results correlate with the findings of other researchers [5, 6, 9].https://financetp.fa.ru/jour/article/view/41international cooperationeconomic growtheconometric assessment of the impact
spellingShingle R. V. Kashbrasiev
THE IMPACT OF INTERNATIONAL COOPERATION ON THE NATIONAL ECONOMY
Финансы: теория и практика
international cooperation
economic growth
econometric assessment of the impact
title THE IMPACT OF INTERNATIONAL COOPERATION ON THE NATIONAL ECONOMY
title_full THE IMPACT OF INTERNATIONAL COOPERATION ON THE NATIONAL ECONOMY
title_fullStr THE IMPACT OF INTERNATIONAL COOPERATION ON THE NATIONAL ECONOMY
title_full_unstemmed THE IMPACT OF INTERNATIONAL COOPERATION ON THE NATIONAL ECONOMY
title_short THE IMPACT OF INTERNATIONAL COOPERATION ON THE NATIONAL ECONOMY
title_sort impact of international cooperation on the national economy
topic international cooperation
economic growth
econometric assessment of the impact
url https://financetp.fa.ru/jour/article/view/41
work_keys_str_mv AT rvkashbrasiev theimpactofinternationalcooperationonthenationaleconomy
AT rvkashbrasiev impactofinternationalcooperationonthenationaleconomy