IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this article or follow this journal

Modeling the relationship between investment processes and costs structure applied to Russian economic activities in 2005-2009

  • Nazrullaeva, Eugenia

    ()

    (Higher School of Economics, Moscow)

In this study a model framework for the relationship between investment processes and the dynamics of production costs for the period 2005–2009 is developed and tested. Close attention is paid to the dynamics of costs of acquiring raw materials, intermediates, and accessories for production process. The official Rosstat’s statistics on key economic activities in Russian mining and manufacturing sectors, electricity, gas, and water supply sector is analyzed. The aim pursued in this paper was to find out what factors may influence unit costs (costs per ruble of output) and technological progress determined as lower unit costs as a result of higher investments. It is assumed that different types of investment, including fixed investment, R&D investment, and foreign direct investment, may have an impact on the state of technologies for an economic activity. To verify the hypothesis that investments matter for production process we estimate long-run relationships between costs per unit of output and investments, taking into account the possibility of structural breaks in the data which covers the beginning of the current crisis. The results suggest that the effect of investments on costs varies across the economic activities, and the 2008 crisis appears to undermine the hypothesis of investment efficiency

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://pe.cemi.rssi.ru/pe_2010_3_38-61.pdf
File Function: Full text
Download Restriction: no

Article provided by Publishing House "SINERGIA PRESS" in its journal Applied Econometrics.

Volume (Year): 19 (2010)
Issue (Month): 3 ()
Pages: 38-61

as
in new window

Handle: RePEc:ris:apltrx:0068
Contact details of provider: Web page: http://appliedeconometrics.cemi.rssi.ru/

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

as in new window
  1. John J. Seater & Pietro Peretto, 2007. "Factor-Eliminating Technical Change," 2007 Meeting Papers 272, Society for Economic Dynamics.
  2. Joon Y. Park, 2003. "Bootstrap Unit Root Tests," Econometrica, Econometric Society, vol. 71(6), pages 1845-1895, November.
  3. Horowitz, Joel L., 2001. "The Bootstrap," Handbook of Econometrics, in: J.J. Heckman & E.E. Leamer (ed.), Handbook of Econometrics, edition 1, volume 5, chapter 52, pages 3159-3228 Elsevier.
  4. Li, Hongyi & Maddala, G. S., 1997. "Bootstrapping cointegrating regressions," Journal of Econometrics, Elsevier, vol. 80(2), pages 297-318, October.
  5. Stanislav Anatolyev, 2007. "The basics of bootstrapping (in Russian)," Quantile, Quantile, issue 3, pages 1-12, September.
  6. Gregory, A.W. & Hansen, B.E., 1992. "Residual-Based Tests for Cointegration in Models with Regime Shifts," RCER Working Papers 335, University of Rochester - Center for Economic Research (RCER).
  7. Engle, Robert F & Granger, Clive W J, 1987. "Co-integration and Error Correction: Representation, Estimation, and Testing," Econometrica, Econometric Society, vol. 55(2), pages 251-76, March.
Full references (including those not matched with items on IDEAS)

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:ris:apltrx:0068. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Anatoly Peresetsky)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.