Analysis of the Impact of Europe and Central Asia on the Economic Development of Russia

DOI

10.2991/aebmr.k.200114.014How to use a DOI?

Keywords

dynamic range, Europe and Central Asia, cluster, complex analysis, international scientific and technical cooperation, recession, growth rates, economic development

Abstract

Subject of the study is influence of Europe and Central Asia on the economic development of Russia. The goal of the study is to determine the factors that significantly influence the economic development if Russia by means of the dynamic range analysis complex and the growth rates of the Europe and Central Asia countries’ economies. The study is based on the system approach and application of statistical, cluster and non-parametric analysis methods. The article presents relevance of the study, considers retrospective of scientific and technical cooperation between the countries of Europe and Central Asia. As a result of complex assessment of the European and Central Asia economic development countries dynamic range there has been discovered stability of relations with Austria and Belgium. Russia having low density of population is close to the group of stable countries in terms of unemployment rate and is far behind in terms of GDP per capita. Russia is in the same cluster with Germany which interest is focused on Armenia and Kazakhstan. The significant risks for recession occurring in Germany may affect the economic development of Russia. The dynamics of the of Europe and Central Asia countries economic development is determined by the difference in the degree of competition that is to significant extent caused by the difference in population density and the amount of minerals. Russia located both in Europe and Asia has a tremendous amount of various natural resources and low density of population. Russia applying the European knowledge and technologies and the minerals of Central Asia can ensure stable high rates of economic growth and high level of well-being without consuming its own natural resources. The results of the study are of interest for the public authorities in Europe and Central Asia for selection and substantiation of international cooperation areas. CCS CONCEPTS •Scientific and technical cooperation between the countries of Europe and Central Asia → Comprehensive assessment of the economic development dynamic range clustering of Russian relations with European countries → European knowledge and technology → minerals of Central Asia → Stable high rates of economic growth in Russia;

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - V.V. Smirnov
AU  - D.G. Osipov
AU  - A.A. Babaeva
PY  - 2020
DA  - 2020/01/18
TI  - Analysis of the Impact of Europe and Central Asia on the Economic Development of Russia
BT  - Proceedings of the First International Volga Region Conference on Economics, Humanities and Sports (FICEHS 2019)
PB  - Atlantis Press
SP  - 60
EP  - 65
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200114.014
DO  - 10.2991/aebmr.k.200114.014
ID  - Smirnov2020
ER  -