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Modeling the Effects of Economic Policy and Changes in the Behavior of Economic Agents

Author

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  • Bozhechkova, Alexandra Viktorovna

    (Russian Presidential Academy of National Economy and Public Administration (RANEPA), Gaidar Institute for Economic Policy)

  • Vashelyuk, Natalia.

    (Russian Presidential Academy of National Economy and Public Administration (RANEPA))

  • Nazarov, P.A.

    (Russian Presidential Academy of National Economy and Public Administration (RANEPA))

  • Perevyshin, Yuri

    (Russian Presidential Academy of National Economy and Public Administration (RANEPA))

  • Tumanova, Elena Alexandrovna

    (Russian Presidential Academy of National Economy and Public Administration (RANEPA))

  • Shagas, Natalia

    (Russian Presidential Academy of National Economy and Public Administration (RANEPA))

Abstract

This paper is devoted to the multidimensional analysis of the impact of shocks to the economic development of the countries at the present stage. Econometric analysis was applied for investigation fiscal policy shocks on the dynamics of aggregate output, consumption, investment, real wages in the Russian economy, 2002-2014. Paper analyzed the question about the existence and nature of the impact of the level of output on income inequality in the econometric study conducted at the regional data of the Russian Federation for the period 2000 to 2011. Using methods of panel analysis for the period 1990-2010, factors of economic growth of countries at different stages of development were identified. A comprehensive analysis of the impact of corruption on the main macroeconomic indicators was made on the basis of existing models and our modifications. The influence of the financial sector to economic development on panel data was studied.

Suggested Citation

  • Bozhechkova, Alexandra Viktorovna & Vashelyuk, Natalia. & Nazarov, P.A. & Perevyshin, Yuri & Tumanova, Elena Alexandrovna & Shagas, Natalia, 2015. "Modeling the Effects of Economic Policy and Changes in the Behavior of Economic Agents," Published Papers 2311, Russian Presidential Academy of National Economy and Public Administration.
    • Handle: RePEc:rnp:ppaper:2311
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    Keywords

    economic development; Russia; econometric analysis; consumption; fiscal policy;
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