Economic Model of Labour Force Formation

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The book delves into the interplay between energy prices, particularly oil, and Russia's economic dynamics from 1999 to 2014-15. It highlights a positive trend in energy prices contributing to GDP growth while noting a decline in the physical volume of GDP. The analysis reveals a shift towards a larger services sector and a decrease in higher education enrollment, indicating significant structural changes in the economy. Graphical interpretations underscore the complex relationships between these factors and their strategic implications for economic development.