EconPapers    
Economics at your fingertips  
 

DECOMPOSITION OF RUSSIA’S GDP GROWTH IN 1999-2014

Sergey Drobyshevsky and Maria Kazakova ()

Russian Economic Developments, 2014, issue 11, 63-66

Abstract: The Gaidar Institute developed a comprehensive methodology for decomposing the growth rate of Russia’s GDP into its structural, foreign trade and situational components, which is based on the same decompositin algorithm as applied in the analysis of macroeconomic indicators of the developed countries (OECD), adjusted with due regard for the specificities of the Russian economy with its high dependency on foreign trade (more specifi - cally, the movement of world prices for oil). On the basis of estimations yielded by this methodology we could identify several phases of economic growth in Russia over the period from 1999 through 2014: recovery growth (1999–2000); growth sustained by investment and capital load (2001–2003), and then growth sustained by favorable foreign trade conditions (2004–2008.); overheated economy and economic crisis (2008–2009), followed by a new, lower phase of the business cycle (2010–2014).

Keywords: GDP (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations: View citations in EconPapers (8) Track citations by RSS feed

Downloads: (external link)
http://www.iep.ru/files/RePEc/gai/recdev/409Drobyshevsky.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gai:recdev:409

Access Statistics for this article

Russian Economic Developments is currently edited by Alexei Vedev

More articles in Russian Economic Developments from Gaidar Institute for Economic Policy Contact information at EDIRC.
Bibliographic data for series maintained by Victor Hugues ().

 
Page updated 2020-06-19
Handle: RePEc:gai:recdev:409