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Economic Growth Factors In 2014 - H1 2015


  • Elena Astafieva

    (Gaidar Institute for Economic Policy)


The results of decomposition of output growth rates for the period of 2014 – H1 2015 point to recent changes in the relative signifi cance of diff erent growth factors, which has been demonstrating a shift from the extensive factors towards negative inputs of the intensive factors. Over the first half-year of 2015, the growth rate of labor and capital inputs (which was sustained at the same level as in the past few years) failed to adequately compensate for the adverse situation with regard to price movement in the world’s raw materials markets, thus pushing down output. As before, the structure of extensive factors is dominated by the capital inputs backed by steady growth of fi xed assets.

Suggested Citation

  • Elena Astafieva, 2015. "Economic Growth Factors In 2014 - H1 2015," Russian Economic Developments, Gaidar Institute for Economic Policy, issue 9, pages 20-22, September.
  • Handle: RePEc:gai:recdev:575

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    More about this item


    Russian Industry; Russian economy;

    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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