Determination of Influence of the oil production factor on the Russian economy
Macroeconomic indicators characterizing the development of Russia has been analyzed during the study. The position of the Russian Federation in the world arena on the indicators of oil production and export has also been determined. The article describes the results of statistical analysis and forec...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
EDP Sciences
2023-01-01
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| Series: | E3S Web of Conferences |
| Online Access: | https://www.e3s-conferences.org/articles/e3sconf/pdf/2023/26/e3sconf_uesf2023_09022.pdf |
| Summary: | Macroeconomic indicators characterizing the development of Russia has been analyzed during the study. The position of the Russian Federation in the world arena on the indicators of oil production and export has also been determined. The article describes the results of statistical analysis and forecasting of the oil market of the Russian Federation. An analysis of the dependence of monetary aggregates on factors of oil production, export and the price of oil has been conducted using three-factor model. A close relationship between the factors of oil and monetary aggregates has been revealed. The obtained results of the study are of interest for forecasting the economic state of the country and monitoring oil production volumes. |
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| ISSN: | 2267-1242 |