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Economic Growth Factors In 2013 - H1 20141

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 2013 – H1 2014 the rate of GDP growth was predominantly infl uenced by labor and capital input, which means that growth in the Russian economy has been achieved in the main due to the eff ect of extensive factors. The inputs provided by the main production factors mostly rely on increasing capital inputs, backed by steady growth of fi xed assets alongside their declining capacity utilization.

Suggested Citation

  • Elena Astafieva, 2014. "Economic Growth Factors In 2013 - H1 20141," Russian Economic Developments, Gaidar Institute for Economic Policy, issue 9, pages 45-47, September.
  • Handle: RePEc:gai:recdev:381
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    More about this item

    Keywords

    Economis Growth;

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
    • E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes
    • H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation
    • H32 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Firm

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