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Growth factors in the agriculture of Russia

Vasily Uzun and Natalia Shagaida ()

Published Papers from Gaidar Institute for Economic Policy

Abstract: In 2016, record-high yields of grain, including wheat, maize, sunflower, soya and sugar-beet were received. A new record in poultry meat production was set. Despite economic recession, gross agricultural output has been growing in the past few years. Such results are attributed by many experts to the effect of the embargo on imports of food from some countries and import substitution measures. However, neither the embargo nor import substitution was a decisive factor behind growth in agriculture. The most important factors were the interest of the business in developing agriculture, depreciation of the ruble and favorable weather conditions of the past few years.

Keywords: Russian economy; agricultural production (search for similar items in EconPapers)
JEL-codes: Q13 Q14 Q15 Q16 Q17 Q18 (search for similar items in EconPapers)
Pages: 14 pages
Date: 2017, Revised 2017
New Economics Papers: this item is included in nep-agr, nep-cis, nep-cse and nep-tra
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Handle: RePEc:gai:ppaper:ppaper-2017-279