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Dynamics of Railway Cargo Transportation as a Macroeconomic Indicator

Listed author(s):
  • Macheret, Dmitry

    ()

    (Moscow State University of Railway Engineering (MIIT))

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    The article substantiates the possibility of using dynamics of freight traffic as a macroeconomic indicator. There is shown a special importance in the conditions of Russian growth rates of daily average loading of goods by rail transport for the characterization of economic dynamics. There is identified seven phases of economic dynamics based on the analysis of their changes over the years 1960-2014. It is shown that the growth rate of loading goods by rail is not only adequate, but often more operatively and precisely than the traditional macroeconomic indices, reflect to changes in the economic situation. The last phase of the economic dynamics (2010-2014 yr.) was characterized as mid-crisis transition from a market downturn of 2008-2009, which was associated with the global economic crisis, to crisis, which was caused by a combination of institutional problems with the deterioration of price conjuncture of the world markets. For the improvement of economic dynamics it is necessary, first of all, strengthening and development of market institutions. A comparison of different phases of economic dynamics, related as to the period of market and centralized planned economy, allowed to dispel the myth of significant advantages the last, in smoothing intra-annual unevenness of production and transportation. This article shown the positive influence of the structural reform of railway transport on economic dynamics, emphasized the importance of developing transport infrastructure to stimulate economic growth.

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    File URL: ftp://w82.ranepa.ru/rnp/ecopol/ep1528.pdf
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    Article provided by Russian Presidential Academy of National Economy and Public Administration in its journal Economic Policy.

    Volume (Year): 2 (2015)
    Issue (Month): ()
    Pages: 133-150

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    Handle: RePEc:rnp:ecopol:ep1528
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    1. V. Mau., 2014. "Waiting for a New Model of Growth: Russia’s Social and Economic Development in 2013," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 2.
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