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Economic Growth Factors In 2010 – The First Half Of 2011

Author

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  • Elena Astafieva

    (Gaidar Institute for Economic Policy)

Abstract

The results of decomposition of output growth rates demonstrate that in the period of 2012 – the first half year of 2013 the rate of GDP growth was predominantly influenced by the inputs provided by the main production factors. Labor and capital inputs, on the average, determine 80% of the rate of GDP growth; in other words, at present the Russian economy’s growth is achieved in the main due to the effect of extensive factors. At the same time, labor and capital inputs display a declining growth rate.

Suggested Citation

  • Elena Astafieva, 2013. "Economic Growth Factors In 2010 – The First Half Of 2011," Russian Economic Developments, Gaidar Institute for Economic Policy, issue 9, pages 60-62, September.
  • Handle: RePEc:gai:recdev:206
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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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