THE IMPACT OF INTERNATIONAL COOPERATION ON THE NATIONAL ECONOMY

Abstract

International production cooperation is becoming a major factor determining the relationship between the Russian economy and the global economy as well as the possibility of the country’s transition to a new technological level. The methods used to carry out the economic study include: observation and collection of facts, analysis and synthesis, abstract-logical method, mathematical modeling. Through building and using the econometric model, the author comes to the conclusion that the development of international economic relations has a positive effect on the growth of the national economy: an increase in imports by 1% results in Russian GDP growth by 1.83% (according to the first model) and 1.26% (according to the second model), while an increase in exports by 1% leads to Russian GDP reduction by 0.06% (as per the first model) and to growth by 0.84% (as per the second model). The article offers the author’s viewpoint on the results obtained from the econometric model, in particular the author finds that development of production cooperation in mechanical engineering (its share in exports is less than 10% while in imports it is 80%) as well as support of export-oriented high-tech enterprises have a clear positive impact on the national economy. The author’s approach to the study of the impact of international cooperation on the development of the national economy has an unquestionable theoretical and practical value. The obtained results correlate with the findings of other researchers [5, 6, 9].

Keywords

• international cooperation
• economic growth
• econometric assessment of the impact