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Decomposition of Russia's GDP Growth Rates

Author

Listed:
  • Sergey Sinelnikov-Murylev

    (Russian Foreign Trade Academy)

  • Sergey Drobyshevsky

    (Gaidar Institute for Economic Policy)

  • Maria Kazakova

    (Gaidar Institute for Economic Policy)

  • Michael Alexeev

    (Indiana University)

Abstract

This work proposes a methodology of decomposition of the Russian GDP growth into structural, foreign trade and cyclical components. This approach is based on the decomposition algorithm for macroeconomic indicators used in developed countries, considering also high dependence of the Russian economy on terms of trade (dynamics of world oil prices). The results are of practical value in terms of assessing the effectiveness of economic policy in Russia at various stages of the cycle.

Suggested Citation

  • Sergey Sinelnikov-Murylev & Sergey Drobyshevsky & Maria Kazakova & Michael Alexeev, . "Decomposition of Russia's GDP Growth Rates," Research Paper Series, Gaidar Institute for Economic Policy, pages 123-123.
  • Handle: RePEc:gai:rpaper:126
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    Cited by:

    1. Buklemishev, O., 2016. "Overcoming Investment Pause in the Russian Economy," Journal of the New Economic Association, New Economic Association, vol. 29(1), pages 160-167.
    2. repec:arh:jrujec:v:4:y:2018:i:2:p:87-107 is not listed on IDEAS

    More about this item

    Keywords

    Russian economy; GDP; budget; unemployment; econometric methods;

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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