Economic Analysis: Theory and Practice

Abstracting and Indexing

Referativny Zhurnal VINITI RAS
Google Scholar

Online available



Cyberleninka (24 month OA embargo)

Analyzing the potential of supranational form of Russian economy development

Vol. 18, Iss. 12, DECEMBER 2019

Received: 14 October 2019

Received in revised form: 22 October 2019

Accepted: 31 October 2019

Available online: 25 December 2019


JEL Classification: F01, F02, F42, F47, F49

Pages: 2272–2286

Smirnov V.V. I.N. Ulianov Chuvash State University (ChuvSU), Cheboksary, Chuvash Republic, Russian Federation

Mulendeeva A.V. I.N. Ulianov Chuvash State University (ChuvSU), Cheboksary, Chuvash Republic, Russian Federation

Perfilova E.F. I.N. Ulianov Chuvash State University (ChuvSU), Cheboksary, Chuvash Republic, Russian Federation

Gorbunova P.G. I.N. Ulianov Chuvash State University (ChuvSU), Cheboksary, Chuvash Republic, Russian Federation

Denisov G.N. I.N. Ulianov Chuvash State University (ChuvSU), Cheboksary, Chuvash Republic, Russian Federation

Subject The article addresses the supranational form of economic development.
Objectives We focus on assessing potential and identifying opportunities for supranational form of the Russian economy development with the countries of the Commonwealth of Independent States and developed countries.
Methods The study draws on the systems approach, using the methods of descriptive statistics, cluster and neural network analysis.
Results We identify Russia as an object of the analysis of potential for supranational form of economic development, and the Commonwealth of Independent States and developed countries – as a supranational level. When determining significant clusters of symbiosis of Russian and the CIS economies, we identify a potentially stable cluster with Kazakhstan. As for developed countries, Russia forms a stable cluster with Ireland. The main impediment to active supranational development of the Russian economy is an unacceptable level of exchange rate difference of the national currency and the inflation.
Conclusions As a way to face an impending recession, the supranational form of Russian economy development is not a priority, given that it can stabilize only nominal GDP, and only in partnership with Kazakhstan.

Keywords: global economic activity, supranational form of economic development, advanced economy, Commonwealth of Independent States


  1. Glaz'ev S.Yu. [Conceptual Proposals for Practical Implementation of the Big Eurasian Partnership Idea]. Ekonomicheskie strategii = Economic Strategies, 2019, vol. 21, no. 1, pp. 6–17. URL: Link (In Russ.)
  2. Glaz'ev S.Yu., Van Ven', Yao Peishen, Ageev A.I. et al. [Assessing the current state and prospects of Russian-Chinese economic cooperation: Exchange of views and joint position of the parties]. Ekonomicheskie strategii = Economic Strategies, 2018, vol. 20, no. 6, pp. 22–31. URL: Link (In Russ.)
  3. Glaz'ev S.Yu. [Science on service of the Eurasian integration]. Evraziiskaya integratsiya: ekonomika, pravo, politika = Eurasian Integration: Economics, Law, Politics, 2018, no. 2, pp. 10–11. URL: Link (In Russ.)
  4. Schuch K., Bonas G., Sonnenburg J. Enhancing science and technology cooperation between the EU and Eastern Europe as well as Central Asia: A critical reflection on the White Paper from a S&T policy perspective. Journal of Innovation and Entrepreneurship, 2012, vol. 1, iss. 3. URL: Link
  5. Radosevic S. Science-industry links in Central and Eastern Europe and the Commonwealth of Independent States: Conventional policy wisdom facing reality. Science and Public Policy, 2011, vol. 38, iss. 5, pp. 365–378. URL: Link
  6. Malyshev P.Yu. [State-of-the-art and prospects for financial markets’ integration of certain countries of the CIS and Russia]. Finansy i kredit = Finance and Credit, 2016, no. 18, pp. 19–32. URL: Link (In Russ.)
  7. Gurova I.P. [Realizing the potential of mutual trade in the CIS region]. Regional'naya ekonomika: teoriya i praktika = Regional Economics: Theory and Practice, 2016, no. 3, pp. 145–155. URL: Link (In Russ.)
  8. Mustafinov R.K. [Implementing the system of multifactorial economic analysis of national power markets in the context of the CIS: Key results]. Natsional'nye interesy: prioritety i bezopasnost' = National Interests: Priorities and Security, 2019, vol. 15, iss. 9, pp. 1681–1697. (In Russ.) URL: Link
  9. Chepel' S.V. [Energy intensity of development and the preconditions for its limitation: An econometric analysis, with emphasis on CIS countries]. Finansy i kredit = Finance and Credit, 2017, vol. 23, iss. 40, pp. 2420–2436. (In Russ.) URL: Link
  10. Matyushok V.M., Balashova S.A. [On mechanisms and systems for endogenous economic growth strategy implementation in Russia]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2019, vol. 18, iss. 1, pp. 4–21. (In Russ.) URL: Link
  11. Clark J.R. Russia's Indirect Grand Strategy. Orbis, 2019, vol. 63, iss. 2, pp. 225–239. URL: Link
  12. Richman J., Ayyılmaz N. Can the US and Europe contain Russian power in the European energy market? A game theoretic approach. Energy Strategy Reviews, 2019, vol. 26, no. 100393. URL: Link
  13. Keller J.T., Kuper G.H., Mulder M. Mergers of Germany's natural gas market areas: Is transmission capacity booked efficiently? Utilities Policy, 2019, vol. 56, pp. 104–119. URL: Link
  14. Ozawa M. Trust and Norwegian-Russian energy relations. Energy Research & Social Science, 2016, vol. 16, pp. 111–121. URL: Link
  15. Klomp J. The impact of Russian sanctions on the return of agricultural commodity futures in the EU. Research in International Business and Finance, 2020, vol. 51, no. 101073 (in progress). URL: Link
  16. Yennie-Lindgren W. New dynamics in Japan–Russia energy relations 2011–2017. Journal of Eurasian Studies, 2018, vol. 9, iss. 2, pp. 152–162. URL: Link
  17. Ochoa C., Gore O. The Finnish power market: Are imports from Russia low-cost? Energy Policy, 2015, vol. 80, pp. 122–132. URL: Link
  18. Hvozdenska J. The Application of Sovereign Bond Spreads: The Case of United Kingdom, Iceland, Norway, Switzerland and Russia. Procedia Economics and Finance, 2015, vol. 23, pp. 1227–1232. URL: Link00476-1
  19. Lazar J., Feng J.H., Hochheiser H. Chapter 4: Statistical analysis. In: Research Methods in Human-Computer Interaction. Elsevier Inc., 2017, pp. 71–104. URL: Link
  20. Schofield S. Impressive statistical analysis. Science and Public Policy, 1993, vol. 20, iss. 3, pp. 214–215. URL: Link
  21. Adolfsson A., Ackerman M., Brownstein N.C. To cluster, or not to cluster: An analysis of clusterability methods. Pattern Recognition, 2019, vol. 88, pp. 13–26. URL: Link
  22. Favero L.P., Belfiore P. Chapter 11: Cluster Analysis. In: Data Science for Business and Decision Making. Elsevier Inc., 2019, pp. 311–382. URL: Link

View all articles of issue


ISSN 2311-8725 (Online)
ISSN 2073-039X (Print)

Journal current issue

Vol. 19, Iss. 6
June 2020