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Decomposition of Russia's GDP Growth Rates

Sergey Sinelnikov-Murylev, Sergey Drobyshevsky, Maria Kazakova () and Michael Alexeev ()

Research Paper Series, 2016, issue 167P, 123

Abstract: This work proposes a methodology of decomposition of the Russian GDP growth into structural, foreign trade and cyclical components. This approach is based on the decomposition algorithm for macroeconomic indicators used in developed countries, considering also high dependence of the Russian economy on terms of trade (dynamics of world oil prices). The results are of practical value in terms of assessing the effectiveness of economic policy in Russia at various stages of the cycle.

Keywords: Russian economy; GDP; budget; unemployment; econometric methods (search for similar items in EconPapers)
JEL-codes: E32 F43 O11 O47 (search for similar items in EconPapers)
Date: 2016
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