TEL> Vol.4 No.7, August 2014

Possible Tendencies of Economic Development of Russia

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ABSTRACT

It was proposed to use the sum of production functions of different lifestyles, to describe the changes in the Russian economy. Values of indicators of a power function of Cobb-Douglas were received from approximate formulas on the basis of data from various sources. A good concordance with change process of Russia’s GDP, what permit to predict its behavior in the future, was received.

Cite this paper

Surkov, S. (2014) Possible Tendencies of Economic Development of Russia. Theoretical Economics Letters, 4, 612-617. doi: 10.4236/tel.2014.47077.

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