Industry-specific factors under the conditions of the Russian economy recession
Industry-specific factors under the conditions of the Russian economy recession

Summary/Abstract: In the context of the Russian economy’s crisis in 2014-2015, there is an urgent need to enhance the role of exportersin restoring economic growth. Currently, traditional hubs have almost outlived their usefulness and it is necessary to reveal newproduction resources that will work for the export potential of the Russian Federation. In this regard, the Russian Government mustpay attention to the activity of certain regions of Central Russia which constitute the part of the Central Federal District. The OpenJoint Stock Company «Mikhailovsky GOK» has been a historically leading exporter of Kursk region. It produces metallurgical orethat has been mainly delivered to the People’s Republic of China. However, the model created by the authors of the present paperallows us to identify the latent factors that determine the Gross Regional Product correlation with the leading exporter of the region.

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