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Dynamics of Railway Cargo Transportation as a Macroeconomic Indicator
[Динамика Железнодорожных Перевозок Грузов Как Макроэкономический Индикатор]

Author

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  • Macheret, Dmitry (Мачерет, Дмитрий)

    (Moscow State University of Railway Engineering (MIIT))

Abstract

The article substantiates the possibility of using dynamics of freight traffic as a macroeconomic indicator. There is shown a special importance in the conditions of Russian growth rates of daily average loading of goods by rail transport for the characterization of economic dynamics. There is identified seven phases of economic dynamics based on the analysis of their changes over the years 1960-2014. It is shown that the growth rate of loading goods by rail is not only adequate, but often more operatively and precisely than the traditional macroeconomic indices, reflect to changes in the economic situation. The last phase of the economic dynamics (2010-2014 yr.) was characterized as mid-crisis transition from a market downturn of 2008-2009, which was associated with the global economic crisis, to crisis, which was caused by a combination of institutional problems with the deterioration of price conjuncture of the world markets. For the improvement of economic dynamics it is necessary, first of all, strengthening and development of market institutions. A comparison of different phases of economic dynamics, related as to the period of market and centralized planned economy, allowed to dispel the myth of significant advantages the last, in smoothing intra-annual unevenness of production and transportation. This article shown the positive influence of the structural reform of railway transport on economic dynamics, emphasized the importance of developing transport infrastructure to stimulate economic growth.

Suggested Citation

  • Macheret, Dmitry (Мачерет, Дмитрий), 2015. "Dynamics of Railway Cargo Transportation as a Macroeconomic Indicator [Динамика Железнодорожных Перевозок Грузов Как Макроэкономический Индикатор]," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 2, pages 133-150.
    • Handle: RePEc:rnp:ecopol:ep1528
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    References listed on IDEAS

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    1. Stanislawa Golinowska & Agnieszka Sowa, 2013. "The Development of Long-Term Care in Post-Socialist Member States of the EU," CASE Network Studies and Analyses 0451, CASE-Center for Social and Economic Research.
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    Cited by:

    1. Smirnov, Sergey, 2015. "Economic Fluctuations in Russia (from the late 1920s to 2015)," Russian Journal of Economics, Elsevier, vol. 1(2), pages 130-153.

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    More about this item

    Keywords

    centralized planned economy; market economy; economic dynamics; dynamics and unevenness of railway transportation;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • P29 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Other

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