Decomposition of Russian economic growth rates in 2025–2026
Sergey Drobyshevsky,
Andrey Kaukin and
Diana Khubezhova
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Diana Khubezhova: Gaidar Institute for Economic Policy
Monitoring of Russia's Economic Outlook. Trends and Challenges of Socio-Economic Development (In Russian), 2026, issue 27, 4
Abstract:
To assess the current state of the Russian economy, we conducted decomposition of Russian GDP growth rates. The contribution of fundamental factors of production (labor, capital, total factor productivity) reached approximately 1.97 p.p. in 2025. The contribution of global oil price dynamics was negative, amounting to around -1.23 p.p., while the sum of the business cycle and random shocks components accounted for approximately 0.26 p.p. of growth
Keywords: Russian economy; economic growth; GDP; labor; capital; TFP; oil prices; business cycle (search for similar items in EconPapers)
JEL-codes: C67 O40 R11 (search for similar items in EconPapers)
Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:gai:monreo:monreo-2026-27-1670
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