The Impact of Exports on Economic Growth in Russia: Retrospective and Perspective

Abstract

The most important roots of foreign income, government fiscal and monetary policies shape the general perception of competitiveness given that it is export that determines how a country can try for the level of economic growth. The aim of this study is to investigate the impact of exports on economic growth in Russia by analyzing the relationship between exports and economic growth in the period 2000-2022 and predicting the effects for the period 2023-2033. The unit root test, which is the Augmented Dickey-Fuller test (ADF), was used to determine stability in the data. The fully modified ordinary least squares method (FMOLS) was used to estimate the coefficient of variables, the Classification Prediction Model Based on LR was used, and artificial intelligence.The results showed that exports have a positive and significant impact on economic growth in Russia, and that there are positive developments at the level of economic growth, as well as at the level of the variables of exports and investment in the future, which confirms the impact of the hypothesis of exports on economic growth in Russiawhere it was found that there is a rise in the indicators of each of exports, investment, and economic growth from 2023 to 2032, according to the period adopted for the study. This proves the validity of the hypothesis, that there is a positive relationship between exports and the growth of the Russian economy during the next ten years after 2022.