STRUCTURAL CHANGES IN THE GDP OF RUSSIA IN 1995-2015: SECTORAL APPROACH

E.G. Russkova, I.V. Mitrofanova, O.yu. Vatyukova, N.P. Ivanov and V.V. Batmanova

Regional and Sectoral Economic Studies, 2017, vol. 17, issue 1, 39-52

Abstract: The article provides the results of the analysis of structural changes in the Gross Domestic Product (GDP) of Russia for 15 years (from 1995 to 2015) from the point of view of types of the economic activity, contributing the most to the total GDP of the country: gross and retail sales, car and consumer equipment repair, manufacturing, transport and communication, real estate transactions, mining operations, construction. A special attention is paid to the impact of the economic crises of 1998 and 2008 on the GDP of Russia. In the course of the calculation the impact of every type of the economic activity and structural shifts in the GDP dynamics is assessed. The estimation of the impact of structural changes is made taking into account the conditions under which an optimal structure of the distribution of resources in the economy of Russia would correspond to the real one. The quantitative parameters of the structural shifts (share, index, velocity) are calculated. In order to determine the static and the sliding base the statistic methods were used.

Keywords: real (nominal) gross domestic product; structure; type of economic activity; growth rate; stagnation; financial and economic crisis; structural policy. (search for similar items in EconPapers)
Date: 2017
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