Russian Federation; Selected Issues

Preprint
Publisher Website
Google Scholar
  • 1 January 2017
    • preprint
      • Published in RePEc
Abstract
This Selected Issues paper analyzes Russia’s noncommodity exports. The analysis suggests that the noncommodity tradable sector suffers from an overvalued exchange rate during commodity booms, but busts are not conducive to a rapid reversal of the process. The policy recommendations are therefore for Russia to compensate for this handicap by doing even more on the structural front. Russia should attenuate the effects of commodity price effects on the noncommodity sector through highly counter-cyclical fiscal policy. It is also essential to strengthen regional and multilateral trade relations to allow for greater penetration of foreign markets by Russian entities and to facilitate Russia’s integration into global value chains.

This publication has 0 references indexed in Scilit: