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<article article-type="research-article" dtd-version="1.3" xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xml:lang="ru"><front><journal-meta><journal-id journal-id-type="publisher-id">scires</journal-id><journal-title-group><journal-title xml:lang="ru">Научные исследования экономического факультета. Электронный журнал</journal-title><trans-title-group xml:lang="en"><trans-title>Scientific Research of Faculty of Economics. Electronic Journal</trans-title></trans-title-group></journal-title-group><issn pub-type="epub">2078-3809</issn><publisher><publisher-name>Moscow State University</publisher-name></publisher></journal-meta><article-meta><article-id pub-id-type="doi">10.38050/2078-3809-2019-11-2-91-106</article-id><article-id custom-type="elpub" pub-id-type="custom">scires-123</article-id><article-categories><subj-group subj-group-type="heading"><subject>Research Article</subject></subj-group><subj-group subj-group-type="section-heading" xml:lang="ru"><subject>МАКРОЭКОНОМИЧЕСКАЯ ПОЛИТИКА</subject></subj-group><subj-group subj-group-type="section-heading" xml:lang="en"><subject>MACROECONOMIC POLICY</subject></subj-group></article-categories><title-group><article-title>Реальный валютный курс и конкурентоспособность национальной экономики</article-title><trans-title-group xml:lang="en"><trans-title>Real Exchange Rate and Competitiveness of National Economy</trans-title></trans-title-group></title-group><contrib-group><contrib contrib-type="author" corresp="yes"><name-alternatives><name name-style="eastern" xml:lang="ru"><surname>Божечкова</surname><given-names>А. В.</given-names></name><name name-style="western" xml:lang="en"><surname>Bozhechkova</surname><given-names>A. V.</given-names></name></name-alternatives><bio xml:lang="ru"><p>Божечкова Александра Викторовна - К.э.н., зав. лабораторией денежно-кредитной политики направления «Макроэкономика и финансы»; с.н.с. Центра изучения проблем центральных банков.</p><p>Москва.</p><p> </p></bio><bio xml:lang="en"><p>Alexandra V. Bozhechkova  Candidate of Economic Sciences,  Head of Monetary Policy Laboratory,   Senior Researcher.</p><p>Moscow.</p></bio><xref ref-type="aff" rid="aff-1"/></contrib><contrib contrib-type="author" corresp="yes"><name-alternatives><name name-style="eastern" xml:lang="ru"><surname>Петрова</surname><given-names>Д. А.</given-names></name><name name-style="western" xml:lang="en"><surname>Petrova</surname><given-names>D. V.</given-names></name></name-alternatives><bio xml:lang="ru"><p>Петрова Диана Абдумуминовна - Н.с. Центра изучения проблем центральных банков. </p><p>Москва.</p></bio><bio xml:lang="en"><p>Diana V. Petrova - Researcher.</p><p>  Moscow.</p></bio><xref ref-type="aff" rid="aff-2"/></contrib></contrib-group><aff-alternatives id="aff-1"><aff xml:lang="ru"><institution>ИЭИ имени Е.Т. Гайдара;  Институт прикладных экономических  исследований РАНХиГС</institution><country>Россия</country></aff><aff xml:lang="en"><institution>Gaidar Institute for Economic Policy; Russian Presidential Academy of  National Economy and Public Administration</institution><country>Russian Federation</country></aff></aff-alternatives><aff-alternatives id="aff-2"><aff xml:lang="ru"><institution>Институт прикладных экономических  исследований РАНХиГС</institution><country>Россия</country></aff><aff xml:lang="en"><institution>Russian Presidential Academy of  National Economy and Public Administration</institution><country>Russian Federation</country></aff></aff-alternatives><pub-date pub-type="collection"><year>2019</year></pub-date><pub-date pub-type="epub"><day>28</day><month>06</month><year>2019</year></pub-date><volume>11</volume><issue>2</issue><fpage>91</fpage><lpage>106</lpage><permissions><copyright-statement>Copyright &amp;#x00A9; Божечкова А.В., Петрова Д.А., 2019</copyright-statement><copyright-year>2019</copyright-year><copyright-holder xml:lang="ru">Божечкова А.В., Петрова Д.А.</copyright-holder><copyright-holder xml:lang="en">Bozhechkova A.V., Petrova D.V.</copyright-holder><license xml:lang="ru" license-type="creative-commons-attribution" xlink:href="https://creativecommons.org/licenses/by/4.0/" xlink:type="simple"><license-p>Данная работа распространяется под лицензией Creative Commons Attribution 4.0.</license-p></license><license xml:lang="en" license-type="creative-commons-attribution" xlink:href="https://creativecommons.org/licenses/by/4.0/" xlink:type="simple"><license-p>This work is licensed under a Creative Commons Attribution 4.0 License.</license-p></license></permissions><self-uri xlink:href="https://scires.elpub.ru/jour/article/view/123">https://scires.elpub.ru/jour/article/view/123</self-uri><abstract><p>В статье представлены результаты эмпирических расчетов, посвященных оценке степени воздействия реального валютного курса на темпы прироста подушевого реального ВВП и динамику совокупной факторной производительности для различных групп стран, включая страны СНГ, страны-экспортеры сырья, развивающиеся страны, таргетирующие инфляцию, в период 1990–2017 гг., с использованием системного обобщенного метода моментов.</p></abstract><trans-abstract xml:lang="en"><p>The article presents the results of empirical investigation devoted to assessing the degree of impact of real exchange rate on economic growth and the dynamics of total factor productivity for various groups of countries, including the CIS countries, countries exporting raw materials, developing countries targeting inflation, in the period 1990-2017 years, using the system generalized method of moments.</p></trans-abstract><kwd-group xml:lang="ru"><kwd>реальный валютный курс</kwd><kwd>темпы прироста реального ВВП на душу населения</kwd><kwd>совокупная факторная производительность</kwd></kwd-group><kwd-group xml:lang="en"><kwd>real exchange rate</kwd><kwd>economic growth</kwd><kwd>total factor productivity</kwd></kwd-group></article-meta></front><back><ref-list><title>References</title><ref id="cit1"><label>1</label><citation-alternatives><mixed-citation xml:lang="ru">Aghion P., Bacchetta P., Rancière R., Rogoff K. 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