Economic Analysis: Theory and Practice

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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


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