<!DOCTYPE article
PUBLIC "-//NLM//DTD JATS (Z39.96) Journal Publishing DTD v1.4 20190208//EN"
       "JATS-journalpublishing1.dtd">
<article 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" article-type="EDITORIAL" dtd-version="1.4" xml:lang="en">
 <front>
  <journal-meta>
   <journal-id journal-id-type="publisher-id">Theoretical economics</journal-id>
   <journal-title-group>
    <journal-title xml:lang="en">Theoretical economics</journal-title>
    <trans-title-group xml:lang="ru">
     <trans-title>Теоретическая экономика</trans-title>
    </trans-title-group>
   </journal-title-group>
   <issn publication-format="online">2221-3260</issn>
  </journal-meta>
  <article-meta>
   <article-id pub-id-type="publisher-id">81443</article-id>
   <article-categories>
    <subj-group subj-group-type="toc-heading" xml:lang="ru">
     <subject>СОВРЕМЕННЫЕ ПРОБЛЕМЫ МИРОВОЙ ЭКОНОМИКИ</subject>
    </subj-group>
    <subj-group subj-group-type="toc-heading" xml:lang="en">
     <subject>MODERN PROBLEMS OF THE WORLD ECONOMY</subject>
    </subj-group>
    <subj-group>
     <subject>СОВРЕМЕННЫЕ ПРОБЛЕМЫ МИРОВОЙ ЭКОНОМИКИ</subject>
    </subj-group>
   </article-categories>
   <title-group>
    <article-title xml:lang="en">Analysis of spillover effects in the economic literature in the context of integration processes</article-title>
    <trans-title-group xml:lang="ru">
     <trans-title>Анализ спилловер-эффектов в экономической литературе в контексте протекания интеграционных процессов</trans-title>
    </trans-title-group>
   </title-group>
   <contrib-group content-type="authors">
    <contrib contrib-type="author">
     <contrib-id contrib-id-type="orcid">https://orcid.org/0000-0002-6070-3950</contrib-id>
     <name-alternatives>
      <name xml:lang="ru">
       <surname>Шкиотов</surname>
       <given-names>Сергей Владимирович</given-names>
      </name>
      <name xml:lang="en">
       <surname>Shkiotov</surname>
       <given-names>Sergey Vladimirovich</given-names>
      </name>
     </name-alternatives>
     <email>shkiotov@mail.ru</email>
     <bio xml:lang="ru">
      <p>кандидат экономических наук;</p>
     </bio>
     <bio xml:lang="en">
      <p>candidate of economic sciences;</p>
     </bio>
     <xref ref-type="aff" rid="aff-1"/>
    </contrib>
   </contrib-group>
   <aff-alternatives id="aff-1">
    <aff>
     <institution xml:lang="ru">Ярославский государственный технический университет</institution>
    </aff>
    <aff>
     <institution xml:lang="en">Yaroslavl State Technical University</institution>
    </aff>
   </aff-alternatives>
   <pub-date publication-format="print" date-type="pub" iso-8601-date="2024-05-02T19:02:50+03:00">
    <day>02</day>
    <month>05</month>
    <year>2024</year>
   </pub-date>
   <pub-date publication-format="electronic" date-type="pub" iso-8601-date="2024-05-02T19:02:50+03:00">
    <day>02</day>
    <month>05</month>
    <year>2024</year>
   </pub-date>
   <issue>10</issue>
   <fpage>106</fpage>
   <lpage>114</lpage>
   <history>
    <date date-type="received" iso-8601-date="2023-09-09T00:00:00+03:00">
     <day>09</day>
     <month>09</month>
     <year>2023</year>
    </date>
    <date date-type="accepted" iso-8601-date="2023-09-22T00:00:00+03:00">
     <day>22</day>
     <month>09</month>
     <year>2023</year>
    </date>
   </history>
   <self-uri xlink:href="https://theoreticaleconomy.ru/en/nauka/article/81443/view">https://theoreticaleconomy.ru/en/nauka/article/81443/view</self-uri>
   <abstract xml:lang="ru">
    <p>Актуальность исследования обусловлена тем, что размер и роль российской экономики среди государствачленов ЕАЭС, а также масштаб текущих политических и экономических вызовов, делают ее главным генератором негативных экономических процессов на пространстве Союза. Понимание спилловер-эффектов, возникающих в процессе интеграции будет способствовать сокращению негативных внешних экономических шоков на пространстве ЕАЭС. Цель статьи – идентифицировать спилловер-эффекты в экономической литературе в логике развития интеграционных процессов. В обзоре литературы анализируются актуальные источники, связанные с экономическим контекстом спилловерэффектов. В данной статье представлена вторая часть обзора литературы, позволяющая идентифицировать спилловерэффекты, возникающие в процессе интеграции рынков, стран и отдельных регионов в экономической литературе. В результате проведенного исследования установлено, что в экономической литературе сложился определенный консенсус в понимании спилловер-эффектов прежде всего в аспекте интеграции финансовых и ресурсных рынков.</p>
   </abstract>
   <trans-abstract xml:lang="en">
    <p>The relevance of the study is due to the fact that the size and role of the Russian economy among the EAEU member states, as well as the scale of current political and economic challenges, make it the main generator of negative economic processes in the EAEU space. Understanding the spillover effects arising in the process of integration will contribute to the reduction of negative external economic shocks in the EAEU. The aim of the article is to identify spillover effects in the economic literature in the logic of the development of integration processes. The literature review analyzes relevant sources related to the economic context of spillover effects. This paper presents the second part of the literature review to identify the spillover effects arising from the integration of markets, countries and individual regions in the economic literature. As a result of the study, it was found that there is a certain consensus in the economic literature in understanding spillover effects primarily in the aspect of integration of financial and resource markets.</p>
   </trans-abstract>
   <kwd-group xml:lang="ru">
    <kwd>спилловер-эффекты</kwd>
    <kwd>обзор литературы</kwd>
    <kwd>интеграция</kwd>
    <kwd>финансовые рынки</kwd>
    <kwd>распространение кризисных явлений.</kwd>
   </kwd-group>
   <kwd-group xml:lang="en">
    <kwd>spillover effects</kwd>
    <kwd>literature review</kwd>
    <kwd>integration</kwd>
    <kwd>financial markets</kwd>
    <kwd>crisis diffusion</kwd>
   </kwd-group>
  </article-meta>
 </front>
 <body>
  <p></p>
 </body>
 <back>
  <ref-list>
   <ref id="B1">
    <label>1.</label>
    <citation-alternatives>
     <mixed-citation xml:lang="ru">Шкиотов, С.В. и Маркин, М.И. (2023). Анализ спилловер-эффектов в экономической литературе. Теоретическая экономика, 104(8), 76-86. URL: http://theoreticaleconomy.ru/index.php/tor/article/ view/465</mixed-citation>
     <mixed-citation xml:lang="en">Shkiotov, S.V. i Markin, M.I. (2023). Analiz spillover-effektov v ekonomicheskoy literature. Teoreticheskaya ekonomika, 104(8), 76-86. URL: http://theoreticaleconomy.ru/index.php/tor/article/ view/465</mixed-citation>
    </citation-alternatives>
   </ref>
   <ref id="B2">
    <label>2.</label>
    <citation-alternatives>
     <mixed-citation xml:lang="ru">Ma, X., Zou, D., Huang, C., &amp; Lv, S. (2020). China’s growing influence and risk in Asia–Pacific stock markets: evidence from spillover effects and market integration. Risk Management, 22(4), 338–361. https:// doi.org/10.1057/s41283-020-00065-0</mixed-citation>
     <mixed-citation xml:lang="en">Ma, X., Zou, D., Huang, C., &amp; Lv, S. (2020). China’s growing influence and risk in Asia–Pacific stock markets: evidence from spillover effects and market integration. Risk Management, 22(4), 338–361. https:// doi.org/10.1057/s41283-020-00065-0</mixed-citation>
    </citation-alternatives>
   </ref>
   <ref id="B3">
    <label>3.</label>
    <citation-alternatives>
     <mixed-citation xml:lang="ru">Hung, N. T. (2020). An analysis of CEE equity market integration and their volatility spillover effects. European Journal of Management and Business Economics, 29(1), 23–40. https://doi.org/10.1108/EJMBE-01-2019-0007</mixed-citation>
     <mixed-citation xml:lang="en">Hung, N. T. (2020). An analysis of CEE equity market integration and their volatility spillover effects. European Journal of Management and Business Economics, 29(1), 23–40. https://doi.org/10.1108/EJMBE-01-2019-0007</mixed-citation>
    </citation-alternatives>
   </ref>
   <ref id="B4">
    <label>4.</label>
    <citation-alternatives>
     <mixed-citation xml:lang="ru">Hafner, K. A. (2014). Technology spillover effects and economic integration: evidence from integrating EU countries. Applied Economics, 46(25), 3021–3036. https://doi.org/10.1080/00036846.2014.920479</mixed-citation>
     <mixed-citation xml:lang="en">Hafner, K. A. (2014). Technology spillover effects and economic integration: evidence from integrating EU countries. Applied Economics, 46(25), 3021–3036. https://doi.org/10.1080/00036846.2014.920479</mixed-citation>
    </citation-alternatives>
   </ref>
   <ref id="B5">
    <label>5.</label>
    <citation-alternatives>
     <mixed-citation xml:lang="ru">Camera, G., Hohl, L., &amp; Weder, R. (2023). Inequality as a barrier to economic integration? An experiment. Experimental Economics, 26(2), 383–411. https://doi.org/10.1007/s10683-022-09777-4</mixed-citation>
     <mixed-citation xml:lang="en">Camera, G., Hohl, L., &amp; Weder, R. (2023). Inequality as a barrier to economic integration? An experiment. Experimental Economics, 26(2), 383–411. https://doi.org/10.1007/s10683-022-09777-4</mixed-citation>
    </citation-alternatives>
   </ref>
   <ref id="B6">
    <label>6.</label>
    <citation-alternatives>
     <mixed-citation xml:lang="ru">Mata, M. N., Razali, M. N., Bentes, S. R., &amp; Vieira, I. (2021). Volatility spillover effect of pan-asia’s property portfolio markets. Mathematics, 9(12). https://doi.org/10.3390/math9121418</mixed-citation>
     <mixed-citation xml:lang="en">Mata, M. N., Razali, M. N., Bentes, S. R., &amp; Vieira, I. (2021). Volatility spillover effect of pan-asia’s property portfolio markets. Mathematics, 9(12). https://doi.org/10.3390/math9121418</mixed-citation>
    </citation-alternatives>
   </ref>
   <ref id="B7">
    <label>7.</label>
    <citation-alternatives>
     <mixed-citation xml:lang="ru">Habiba, U. E., Peilong, S., Zhang, W., &amp; Hamid, K. (2020). International stock markets Integration and dynamics of volatility spillover between the USA and South Asian markets: evidence from Global financial crisis. Journal of Asia Business Studies, 14(5), 779–794. https://doi.org/10.1108/JABS-03-2019-0071</mixed-citation>
     <mixed-citation xml:lang="en">Habiba, U. E., Peilong, S., Zhang, W., &amp; Hamid, K. (2020). International stock markets Integration and dynamics of volatility spillover between the USA and South Asian markets: evidence from Global financial crisis. Journal of Asia Business Studies, 14(5), 779–794. https://doi.org/10.1108/JABS-03-2019-0071</mixed-citation>
    </citation-alternatives>
   </ref>
   <ref id="B8">
    <label>8.</label>
    <citation-alternatives>
     <mixed-citation xml:lang="ru">Liu, J., Hu, Y., Yan, L. Z., &amp; Chang, C. P. (2023). Volatility spillover and hedging strategies between the European carbon emissions and energy markets. Energy Strategy Reviews, 46. https://doi.org/10.1016/j. esr.2023.101058</mixed-citation>
     <mixed-citation xml:lang="en">Liu, J., Hu, Y., Yan, L. Z., &amp; Chang, C. P. (2023). Volatility spillover and hedging strategies between the European carbon emissions and energy markets. Energy Strategy Reviews, 46. https://doi.org/10.1016/j. esr.2023.101058</mixed-citation>
    </citation-alternatives>
   </ref>
   <ref id="B9">
    <label>9.</label>
    <citation-alternatives>
     <mixed-citation xml:lang="ru">Nawaz, S., &amp; Mangla, I. U. (2021). The economic geography of infrastructure in Asia: The role of institutions and regional integration. Research in Transportation Economics, 88. https://doi.org/10.1016/j. retrec.2021.101061</mixed-citation>
     <mixed-citation xml:lang="en">Nawaz, S., &amp; Mangla, I. U. (2021). The economic geography of infrastructure in Asia: The role of institutions and regional integration. Research in Transportation Economics, 88. https://doi.org/10.1016/j. retrec.2021.101061</mixed-citation>
    </citation-alternatives>
   </ref>
   <ref id="B10">
    <label>10.</label>
    <citation-alternatives>
     <mixed-citation xml:lang="ru">Zhang, P., Sha, Y., &amp; Xu, Y. (2021). Stock Market Volatility Spillovers in G7 and BRIC. Emerging Markets Finance and Trade, 57(7), 2107–2119. https://doi.org/10.1080/1540496X.2021.1908256</mixed-citation>
     <mixed-citation xml:lang="en">Zhang, P., Sha, Y., &amp; Xu, Y. (2021). Stock Market Volatility Spillovers in G7 and BRIC. Emerging Markets Finance and Trade, 57(7), 2107–2119. https://doi.org/10.1080/1540496X.2021.1908256</mixed-citation>
    </citation-alternatives>
   </ref>
   <ref id="B11">
    <label>11.</label>
    <citation-alternatives>
     <mixed-citation xml:lang="ru">Georgiadis, G. (2016). Determinants of global spillovers from US monetary policy. Journal of International Money and Finance, 67, 41–61. https://doi.org/10.1016/j.jimonfin.2015.06.010</mixed-citation>
     <mixed-citation xml:lang="en">Georgiadis, G. (2016). Determinants of global spillovers from US monetary policy. Journal of International Money and Finance, 67, 41–61. https://doi.org/10.1016/j.jimonfin.2015.06.010</mixed-citation>
    </citation-alternatives>
   </ref>
   <ref id="B12">
    <label>12.</label>
    <citation-alternatives>
     <mixed-citation xml:lang="ru">Arin, K. P., Caporale, G. M., Kyriacou, K., &amp; Spagnolo, N. (2020). Financial Integration in the GCC Region: Market Size Versus National Effects. Open Economies Review, 31(2), 309–316. https://doi. org/10.1007/s11079-019-09554-6</mixed-citation>
     <mixed-citation xml:lang="en">Arin, K. P., Caporale, G. M., Kyriacou, K., &amp; Spagnolo, N. (2020). Financial Integration in the GCC Region: Market Size Versus National Effects. Open Economies Review, 31(2), 309–316. https://doi. org/10.1007/s11079-019-09554-6</mixed-citation>
    </citation-alternatives>
   </ref>
   <ref id="B13">
    <label>13.</label>
    <citation-alternatives>
     <mixed-citation xml:lang="ru">Kemme, D. M., Akhmetzaki, Y., &amp; Mukhamediyev, B. M. (2021). The effects of the Eurasian Economic Union on regional foreign direct investment and implications for growth. Journal of International Trade and Economic Development, 30(5), 643–660. https://doi.org/10.1080/09638199.2021.1896769</mixed-citation>
     <mixed-citation xml:lang="en">Kemme, D. M., Akhmetzaki, Y., &amp; Mukhamediyev, B. M. (2021). The effects of the Eurasian Economic Union on regional foreign direct investment and implications for growth. Journal of International Trade and Economic Development, 30(5), 643–660. https://doi.org/10.1080/09638199.2021.1896769</mixed-citation>
    </citation-alternatives>
   </ref>
   <ref id="B14">
    <label>14.</label>
    <citation-alternatives>
     <mixed-citation xml:lang="ru">Likhacheva, A. (2021). Russia and Sanctions: The Transformational Domestic and International  Effects of Unilateral Restrictive Measures. Russian Politics, 6(4), 478–502. https://doi.org/10.30965/24518921-00604005</mixed-citation>
     <mixed-citation xml:lang="en">Likhacheva, A. (2021). Russia and Sanctions: The Transformational Domestic and International  Effects of Unilateral Restrictive Measures. Russian Politics, 6(4), 478–502. https://doi.org/10.30965/24518921-00604005</mixed-citation>
    </citation-alternatives>
   </ref>
   <ref id="B15">
    <label>15.</label>
    <citation-alternatives>
     <mixed-citation xml:lang="ru">Mukhamediyev, B. M., &amp; Spankulova, L. S. (2022). Mutual Influence of Innovation and Human Capital on Regional Growth in Neighboring Countries: The Case of Russia and Kazakhstan. Regional Research of Russia, 12(3), 350–364. https://doi.org/10.1134/S2079970522700216</mixed-citation>
     <mixed-citation xml:lang="en">Mukhamediyev, B. M., &amp; Spankulova, L. S. (2022). Mutual Influence of Innovation and Human Capital on Regional Growth in Neighboring Countries: The Case of Russia and Kazakhstan. Regional Research of Russia, 12(3), 350–364. https://doi.org/10.1134/S2079970522700216</mixed-citation>
    </citation-alternatives>
   </ref>
   <ref id="B16">
    <label>16.</label>
    <citation-alternatives>
     <mixed-citation xml:lang="ru">Osório, A., &amp; Pinto, A. (2020). Income inequality and technological progress: The effect of R&amp;D incentives, integration, and spillovers. Journal of Public Economic Theory, 22(6), 1943–1964. https://doi. org/10.1111/jpet.12466</mixed-citation>
     <mixed-citation xml:lang="en">Osório, A., &amp; Pinto, A. (2020). Income inequality and technological progress: The effect of R&amp;D incentives, integration, and spillovers. Journal of Public Economic Theory, 22(6), 1943–1964. https://doi. org/10.1111/jpet.12466</mixed-citation>
    </citation-alternatives>
   </ref>
   <ref id="B17">
    <label>17.</label>
    <citation-alternatives>
     <mixed-citation xml:lang="ru">Wang, M. C., &amp; Shih, F. M. (2013). Time-varying world and regional integration in emerging european equity markets. European Financial Management, 19(4), 703–729. https://doi.org/10.1111/j.1468-036X.2011.00623.x</mixed-citation>
     <mixed-citation xml:lang="en">Wang, M. C., &amp; Shih, F. M. (2013). Time-varying world and regional integration in emerging european equity markets. European Financial Management, 19(4), 703–729. https://doi.org/10.1111/j.1468-036X.2011.00623.x</mixed-citation>
    </citation-alternatives>
   </ref>
   <ref id="B18">
    <label>18.</label>
    <citation-alternatives>
     <mixed-citation xml:lang="ru">Fukuda, Y., Kimura, Y., Sudo, N., &amp; Ugai, H. (2013). Cross-country Transmission Effect of the U.S. Monetary Shock under Global Integration. Bank of Japan Working Paper Series, 13(16).</mixed-citation>
     <mixed-citation xml:lang="en">Fukuda, Y., Kimura, Y., Sudo, N., &amp; Ugai, H. (2013). Cross-country Transmission Effect of the U.S. Monetary Shock under Global Integration. Bank of Japan Working Paper Series, 13(16).</mixed-citation>
    </citation-alternatives>
   </ref>
   <ref id="B19">
    <label>19.</label>
    <citation-alternatives>
     <mixed-citation xml:lang="ru">Dine, M. N. (2019). Impact of global value chains’ participation on employment in Turkey and spillovers effects. Journal of Economic Integration, 34(2), 308–326. https://doi.org/10.11130/jei.2019.34.2.308</mixed-citation>
     <mixed-citation xml:lang="en">Dine, M. N. (2019). Impact of global value chains’ participation on employment in Turkey and spillovers effects. Journal of Economic Integration, 34(2), 308–326. https://doi.org/10.11130/jei.2019.34.2.308</mixed-citation>
    </citation-alternatives>
   </ref>
   <ref id="B20">
    <label>20.</label>
    <citation-alternatives>
     <mixed-citation xml:lang="ru">Law, C. H., Tee, C. L., &amp; Lau, W. T. (2019). The Impacts of Financial Integration on the Linkages Between Monetary Independence and Foreign Exchange Reserves. International Economic Journal, 33(2), 212–235. https://doi.org/10.1080/10168737.2019.1587488</mixed-citation>
     <mixed-citation xml:lang="en">Law, C. H., Tee, C. L., &amp; Lau, W. T. (2019). The Impacts of Financial Integration on the Linkages Between Monetary Independence and Foreign Exchange Reserves. International Economic Journal, 33(2), 212–235. https://doi.org/10.1080/10168737.2019.1587488</mixed-citation>
    </citation-alternatives>
   </ref>
   <ref id="B21">
    <label>21.</label>
    <citation-alternatives>
     <mixed-citation xml:lang="ru">Qarni, M. O., &amp; Gulzar, S. (2018). Return and Volatility Spillover across stock markets of China and its Major Trading Partners: Evidence from Shanghai Stock Exchange Crash. Business &amp; Economic Review, 10(3), 1–20. https://doi.org/10.22547/ber/10.3.1</mixed-citation>
     <mixed-citation xml:lang="en">Qarni, M. O., &amp; Gulzar, S. (2018). Return and Volatility Spillover across stock markets of China and its Major Trading Partners: Evidence from Shanghai Stock Exchange Crash. Business &amp; Economic Review, 10(3), 1–20. https://doi.org/10.22547/ber/10.3.1</mixed-citation>
    </citation-alternatives>
   </ref>
   <ref id="B22">
    <label>22.</label>
    <citation-alternatives>
     <mixed-citation xml:lang="ru">Darfo-Oduro, R. K. A., &amp; Stejskal, J. (2022). FDI Spillover Channel and its Effect on Innovation. European Conference on Knowledge Management, 23(1), 289–296. https://doi.org/10.34190/eckm.23.1.328</mixed-citation>
     <mixed-citation xml:lang="en">Darfo-Oduro, R. K. A., &amp; Stejskal, J. (2022). FDI Spillover Channel and its Effect on Innovation. European Conference on Knowledge Management, 23(1), 289–296. https://doi.org/10.34190/eckm.23.1.328</mixed-citation>
    </citation-alternatives>
   </ref>
   <ref id="B23">
    <label>23.</label>
    <citation-alternatives>
     <mixed-citation xml:lang="ru">Goczek, Ł., &amp; Witkowski, B. (2023). Spillover effects of the unconventional monetary policy of the European Central Bank. Quarterly Review of Economics and Finance, 89, 82–104. https://doi.org/10.1016/j. qref.2023.02.003</mixed-citation>
     <mixed-citation xml:lang="en">Goczek, Ł., &amp; Witkowski, B. (2023). Spillover effects of the unconventional monetary policy of the European Central Bank. Quarterly Review of Economics and Finance, 89, 82–104. https://doi.org/10.1016/j. qref.2023.02.003</mixed-citation>
    </citation-alternatives>
   </ref>
  </ref-list>
 </back>
</article>
