FOREIGN TRADE AND ECONOMIC GROWTH: ECONOMETRIC ASPECT
Globalization of the world economy has a differential impact on the development of international integration ties to foreign trade channels, cross-border flows of capital in the form of foreign direct investment on economic growth regions. In the economic literature, much attention is paid to the development of a methodology for assessing the impact of exogenous factors on economic growth. But still not enough studied some aspects of the relationship of foreign trade and economic growth in the Russian regions. Therefore, in this paper, the search for and attempt to quantify the impact of individual factors on economic growth in Russia. The results of econometric modeling of economic growth show the presence of a sufficiently strong correlation between net exports and the parameters of growth of gross domestic product. The findings generally fall within the export-oriented growth model of the Russian economy and allow us to formulate practical recommendations increase the efficiency of the regulatory impact on the determinants of growth on the determinants of growth.