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Economic Growth Factors in 2011- hi 2012


  • Ekaterina Astafieva

    (Gaidar Institute for Economic Policy)


The results of decomposition of production growth rate indicate that in 2012 the increase in the gross value added (GVA) of the industry was achieved by increasing the extensive factors. Accord¬ing to the tentative estimates, the growth rates of total factor productivity (TFP) of industrial pro¬duction were negative. In the cost structure of the main factors of the industrial sector in 2012, the cost of capital was dominating; the growth of labor cost in industrial production was implemented mainly due to increase in labor reserves (number of employees).

Suggested Citation

  • Ekaterina Astafieva, 2013. "Economic Growth Factors in 2011- hi 2012," Russian Economic Developments, Gaidar Institute for Economic Policy, issue 3, pages 41-43, March.
  • Handle: RePEc:gai:recdev:96

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    Growth Factors;

    JEL classification:

    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General


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