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Studying Simulated Mobs Using Monte Carlo Method and the Theory of Collective Action Read chapter Read first chapter

2023 | OriginalPaper | Chapter

Econometric Modeling of Adaptation of the Russian Economy to Western Countries’ Sanctions

Author : Viktor Byvshev

Published in: Modeling and Simulation of Social-Behavioral Phenomena in Creative Societies

Publisher: Springer Nature Switzerland

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Abstract

The econometric modeling of the adaptation of the Russian economy to the sanctions of Western countries is being discussed. The exponential adaptation model adopted in this article is an integral part of the production function of the Russian economy constructed here. At the last stage of the production function construction scheme (the post-factum forecasting stage), the production function of the Russian economy with the adaptation model used in it showed high accuracy of forecasting real GDP. This circumstance made it possible to interpret the model of adaptation of the Russian economy to the sanctions of Western countries as adequate. The impact of Western sanctions on the Russian economy is decreasing by about 25% every year.

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Metadata
Title
Econometric Modeling of Adaptation of the Russian Economy to Western Countries’ Sanctions
Author
Viktor Byvshev
Copyright Year
2023
Book
Modeling and Simulation of Social-Behavioral Phenomena in Creative Societies

Print ISBN: 978-3-031-33727-7

Electronic ISBN: 978-3-031-33728-4

Copyright Year: 2023

DOI
https://doi.org/10.1007/978-3-031-33728-4_7

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