ECONOMIC GROWTH FACTORS IN 2010 – THE FIRST HALF OF 2011

Ekaterina Astafieva

Russian Economic Development, 2013, issue 9, 60-62

Abstract: The results of decomposition of output growth rates demonstrate that in the period of 2012 – the first half year of 2013 the rate of GDP growth was predominantly influenced by the inputs provided by the main production factors. Labor and capital inputs, on the average, determine 80% of the rate of GDP growth; in other words, at present the Russian economy’s growth is achieved in the main due to the effect of extensive factors. At the same time, labor and capital inputs display a declining growth rate.

Keywords: Russian; Industry (search for similar items in EconPapers)
JEL-codes: C81 E30 E31 L11 (search for similar items in EconPapers)
Date: 2013
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