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Input Of Economic Growth Factors Into The Value Added Index In The Industrial Sector In 2014

Author

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  • Elena Astafieva

    (Gaidar Institute for Economic Policy)

Abstract

The results of decomposition of output growth rates demonstrate that, in 2014, gross value added (GVA) in industrial production continued to be pushed up by the increasing inputs of extensive factors. The preliminary estimates of the growth rates of combined factor productivity (CFP) derived for the main types of economic activity are negative. The structure of inputs provided by the main production factors in industry in 2014 is dominated by capital inputs; labor inputs in industrial production are infl uenced both by increasing labor reserves (the actual number of the employed) and the increasing intensity of their use (the working hours).

Suggested Citation

  • Elena Astafieva, 2015. "Input Of Economic Growth Factors Into The Value Added Index In The Industrial Sector In 2014," Russian Economic Development, Gaidar Institute for Economic Policy, issue 3, pages 56-58, March.
    • Handle: RePEc:gai:recdev:474
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    More about this item

    Keywords

    Russian Industry;

    JEL classification:

    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms

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