title: Large-Scale Open Economies: Typology and Analysis
metadata.name: dc.contributor.author
metadata.value: Vorontsovskiy, Aleksey V.
metadata.lang: -
metadata.name: dc.contributor.author
metadata.value: Efimova, Elena G.
metadata.lang: -
metadata.name: dc.date.accessioned
metadata.value: 2016-08-01T18:58:18Z
metadata.lang: -
metadata.name: dc.date.available
metadata.value: 2016-08-01T18:58:18Z
metadata.lang: -
metadata.name: dc.date.issued
metadata.value: 2016-06
metadata.lang: -
metadata.name: dc.identifier.citation
metadata.value: Vorontsovskiy A. V., Efimova E. G. Large-Scale Open Economies: Typology and Analysis. St Petersburg University Journal of Economic Studies, 2016, issue 2, pp. 27–51. DOI: 10.21638/11701/spbu05.2016.202
metadata.lang: en_GB
metadata.name: dc.identifier.uri
metadata.value: http://hdl.handle.net/11701/2501
metadata.lang: -
metadata.name: dc.description.abstract
metadata.value: The article discusses the national economy’s identification by means of scale or openness indicators and provides a detailed analysis of macroeconomic indicators for developed countries. It is noted that the size of the economy influences the choice of the applied theoretical studies and models of economic growth, as well as external markets. It classifies the major world economies in accordance with GDP; export, import shares and foreign trade volumes. The features of the ratio of external openness and the size of the economy are found. It is proved that the assumption about the damping of oscillations of net outward direct foreign investment for large economies has not always been realized. The hypothesis about the dependence between macroeconomic indicators characterizing the size of the economy and indicators of economy openness within groups of larger countries has not been confirmed. By means of the rank correlation methods we showed that the main criterium of economic openness is the ability to influence prices on commodity markets. Databases of the World Bank, International Trade Centre and Eurostat were used for the empirical confirmation of hypotheses. It is “Greater” China, the USA and the EU that completely meet the proposed criteria of the large open economy.
  Refs 33. Tables 11. Figs 1.
metadata.lang: en_GB
metadata.name: dc.language.iso
metadata.value: ru
metadata.lang: en_GB
metadata.name: dc.publisher
metadata.value: St Petersburg State University
metadata.lang: en_GB
metadata.name: dc.relation.ispartofseries
metadata.value: St Petersburg University Journal of Economic Studies;Issue 2
metadata.lang: -
metadata.name: dc.subject
metadata.value: large-scale open economy
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: foreign trade quota
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: criteria of economy openness
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: GDP
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: export
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: import
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: foreign direct investment
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: rank correlation methods
metadata.lang: en_GB
metadata.name: dc.title
metadata.value: Large-Scale Open Economies: Typology and Analysis
metadata.lang: en_GB
metadata.name: dc.type
metadata.value: Article
metadata.lang: en_GB
resources.filename: Воронцовский_Ефимова.pdf
resources.url: https://dspace.spbu.ru/bitstream/11701/2501/1/%d0%92%d0%be%d1%80%d0%be%d0%bd%d1%86%d0%be%d0%b2%d1%81%d0%ba%d0%b8%d0%b9_%d0%95%d1%84%d0%b8%d0%bc%d0%be%d0%b2%d0%b0.pdf
resources.format: Adobe PDF
resources.size: 531,08 kB