Assessment of Prospects for Per Capita Consumption of Food and Industrial Goods in Russia

D. I. Galimov, Andrey Gnidchenko and V. A. Salnikov ()
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D. I. Galimov: Center for Macroeconomic Analysis and Short-Term Forecasting, Institute of Economic Forecasting, Russian Academy of Sciences
V. A. Salnikov: Center for Macroeconomic Analysis and Short-Term Forecasting, Institute of Economic Forecasting, Russian Academy of Sciences

Studies on Russian Economic Development, 2024, vol. 35, issue 3, 373-387

Abstract: Abstract— The article examines the prospects for increasing per capita consumption of goods in Russia based on comparison with consumption levels in other countries using cross-country robust regressions. The proposed approaches are different for goods of the agricultural and industrial sectors, which makes it possible to take into account the specifics of statistical data and the characteristics of consumption in these sectors. The estimates obtained in the work are interpreted as the scale of underconsumption of goods in the current configuration of the main factors influencing per capita consumption. These estimates are proposed to be interpreted as a possible increase in output, as well as an increase in imports from countries with which trade development is expected and with which Russia has a high trade surplus (primarily India and Turkey).

Keywords: per capita consumption; product groups; cross-country regressions; Russia; FAO; Prodcom (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1134/S1075700724030079

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