Russia has become more integrated and dependent on global developments over the last decades, despite being ruled by an increasingly autocratic regime. We perform a cointegration analysis on a monthly dataset spanning from 2001 to 2021, with a limited set of variables reflecting both domestic and international developments. Results point to significant interactions between these two dimensions, mostly over the short-term. Kremlin may employ media control as a discretionary policy instrument to influence popular support for the incumbent, but this works slowly and is hardly sustainable in the long-term.
Boitani, A., Dragomirescu-Gaina, C., News and narratives: A cointegration analysis of Russian economic policy uncertainty, <<ECONOMICS LETTERS>>, 2023; 226 (May): N/A-N/A. [doi:10.1016/j.econlet.2023.111094] [https://hdl.handle.net/10807/233407]
News and narratives: A cointegration analysis of Russian economic policy uncertainty
Boitani, Andrea;Dragomirescu-Gaina, Catalin-Florinel
2023
Abstract
Russia has become more integrated and dependent on global developments over the last decades, despite being ruled by an increasingly autocratic regime. We perform a cointegration analysis on a monthly dataset spanning from 2001 to 2021, with a limited set of variables reflecting both domestic and international developments. Results point to significant interactions between these two dimensions, mostly over the short-term. Kremlin may employ media control as a discretionary policy instrument to influence popular support for the incumbent, but this works slowly and is hardly sustainable in the long-term.
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