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Factors Of Change In The Value Added Of The Indeustrial Sector In 2013

Author

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  • Elena Astafieva

    (Gaidar Institute for Economic Policy)

Abstract

The results of decomposition of growth in the output index point to the fact that in 2013 growth in the gross value added (GVA) of industry was achieved by means of accumulation of extensive factors. According to the preliminary estimates, the growth rates of the aggregate factor productivity (AFP) of industry turned out to be negative. In 2013, in the pattern of costs of the main factors of the industrial sector capital inputs had a dominant role to play; changes in labor costs in manufacturing are characterized by growth in labor volumes (the number of the employed) and reduction of the rate of utilization thereof (hours worked).

Suggested Citation

  • Elena Astafieva, 2014. "Factors Of Change In The Value Added Of The Indeustrial Sector In 2013," Russian Economic Developments, Gaidar Institute for Economic Policy, issue 3, pages 42-44, February.
  • Handle: RePEc:gai:recdev:276
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    Cited by:

    1. Catalina MOTOFEI, 2017. "Sectorial evolutions in former communist economies, current EU members," The Audit Financiar journal, Chamber of Financial Auditors of Romania, vol. 15(146), pages 266-266.

    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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