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The Contemporary Russian Economy pp 145–159Cite as

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Structural Changes in the Russian Economy Since 1992

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Notes

  1. 1.

    https://www.statista.com/statistics/717302/largest-oil-and-gas-companies-worldwide-by-employment/.

  2. 2.

    The Revealed Comparative Advantage (RCA) index is ratio, where the numerator is the share of a particular country’s exports of the commodity of interest in the total exports of the country, and the denominator is the share of the exports of the same commodity in total global exports. An RCA exceeding 1 is interpreted as a comparative advantage of a country in the international division of labour.

  3. 3.

    To some extent, this is a matter of statistics. In 1992, Russia experienced a very high inflation rate with substantial adjustments to the rouble exchange rate. At the same time, prices for some groups of goods remained frozen. In this context, statistics both for GDP and export and import flows are imperfect. However, the roughness of the estimates does not call into question the fact that Russia jumped from a closed to an open economy very quickly.

  4. 4.

    The volatility of oil prices explains the large variation.

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Authors and Affiliations

  1. Higher School of Economics, Moscow, Russia

    Svetlana Avdasheva

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  1. Svetlana Avdasheva
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Correspondence to Svetlana Avdasheva .

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  1. Bruegel, Brussels, Belgium

    Marek Dabrowski

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Avdasheva, S. (2023). Structural Changes in the Russian Economy Since 1992. In: Dabrowski, M. (eds) The Contemporary Russian Economy. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-031-17382-0_8

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  • DOI: https://doi.org/10.1007/978-3-031-17382-0_8

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  • Publisher Name: Palgrave Macmillan, Cham

  • Print ISBN: 978-3-031-17381-3

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