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Decomposition Of Russia’S Gdp Growth In 1999-2014

Author

Listed:
  • Sergey Drobyshevsky

    (Gaidar Institute for Economic Policy)

  • Maria Kazakova

    (Gaidar Institute for Economic Policy)

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).

Suggested Citation

  • Sergey Drobyshevsky & Maria Kazakova, 2014. "Decomposition Of Russia’S Gdp Growth In 1999-2014," Russian Economic Development, Gaidar Institute for Economic Policy, issue 11, pages 63-66, November.
    • Handle: RePEc:gai:recdev:409
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    Citations

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    Cited by:

    1. Salnikov, Vladimir & Galimov, Dmitry & Mikheeva, Olga & Gnidchenko, Andrey & Rybalka, Alexey, 2017. "Russian manufacturing production capacity: Primary trends and structural characteristics," Russian Journal of Economics, Elsevier, vol. 3(3), pages 240-262.
    2. Zemtsov, S. & Smelov, Y., 2018. "Factors of Regional Development in Russia: Geography, Human Capital and Regional Policies," Journal of the New Economic Association, New Economic Association, vol. 40(4), pages 84-108.
    3. Mau, Vladimir, 2016. "Anti-crisis measures or structural reforms: Russian economic policy in 2015," Russian Journal of Economics, Elsevier, vol. 2(1), pages 1-22.
    4. Buklemishev, O., 2016. "Overcoming Investment Pause in the Russian Economy," Journal of the New Economic Association, New Economic Association, vol. 29(1), pages 160-167.
    5. Mau, Vladimir & Ulyukaev, Alexey, 2015. "Global crisis and challenges for Russian economic development," Russian Journal of Economics, Elsevier, vol. 1(1), pages 4-29.
    6. A. A. Akaev & N. S. Ziyadullaev & A. I. Sarygulov & V. N. Sokolov, 2016. "Medium-term forecast of the dynamics of the development of the Russian economy," Studies on Russian Economic Development, Springer, vol. 27(5), pages 510-517, September.
    7. Zemtsov, S. & Chernov, A., 2019. "What High-Tech Companies in Russia Grow Faster and Why?," Journal of the New Economic Association, New Economic Association, vol. 41(1), pages 68-99.
    8. Sergey Drobyshevsky & Georgy Idrisov & Andrey Kaukin & Pavel Pavlov & Sergey Sinelnikov-Murylev, 2018. "Decomposition of growth rates for the Russian economy," Russian Journal of Economics, ARPHA Platform, vol. 4(4), pages 305-327, December.
    9. Vladimir Mau, 2018. "Russian economic policy: Challenges of growth," Russian Journal of Economics, ARPHA Platform, vol. 4(2), pages 87-107, June.

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    Keywords

    GDP;

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