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Assessment of Prospects for Per Capita Consumption of Food and Industrial Goods in Russia

Author

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  • D. I. Galimov

    (Center for Macroeconomic Analysis and Short-Term Forecasting, Institute of Economic Forecasting, Russian Academy of Sciences)

  • A. A. Gnidchenko

    (Center for Macroeconomic Analysis and Short-Term Forecasting, Institute of Economic Forecasting, Russian Academy of Sciences)

  • V. A. Salnikov

    (Center for Macroeconomic Analysis and Short-Term Forecasting, Institute of Economic Forecasting, Russian Academy of Sciences)

Abstract

— The article examines the prospects for increasing per capita consumption of goods in Russia based on comparison with consumption levels in other countries using cross-country robust regressions. The proposed approaches are different for goods of the agricultural and industrial sectors, which makes it possible to take into account the specifics of statistical data and the characteristics of consumption in these sectors. The estimates obtained in the work are interpreted as the scale of underconsumption of goods in the current configuration of the main factors influencing per capita consumption. These estimates are proposed to be interpreted as a possible increase in output, as well as an increase in imports from countries with which trade development is expected and with which Russia has a high trade surplus (primarily India and Turkey).

Suggested Citation

  • D. I. Galimov & A. A. Gnidchenko & V. A. Salnikov, 2024. "Assessment of Prospects for Per Capita Consumption of Food and Industrial Goods in Russia," Studies on Russian Economic Development, Springer, vol. 35(3), pages 373-387, June.
    • Handle: RePEc:spr:sorede:v:35:y:2024:i:3:d:10.1134_s1075700724030079
    DOI: 10.1134/S1075700724030079
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    References listed on IDEAS

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    1. Carlo Cafiero, 2013. "What do we Really Know about Food Security?," NBER Working Papers 18861, National Bureau of Economic Research, Inc.
    2. M. Yu. Ksenofontov & D. A. Polzikov & Yu. S. Verbitskiy & Y. S. Melnikova, 2017. "On the assessment of the potential expansion of agricultural production and its structural shifts," Studies on Russian Economic Development, Springer, vol. 28(6), pages 624-636, November.
    3. Bardazzi, Rossella & Oropallo, Filippo & Pazienza, Maria Grazia, 2015. "Do manufacturing firms react to energy prices? Evidence from Italy," Energy Economics, Elsevier, vol. 49(C), pages 168-181.
    4. Rosamond L. Naylor & Avinash Kishore & U. Rashid Sumaila & Ibrahim Issifu & Blaire P. Hunter & Ben Belton & Simon R. Bush & Ling Cao & Stefan Gelcich & Jessica A. Gephart & Christopher D. Golden & Mal, 2021. "Author Correction: Blue food demand across geographic and temporal scales," Nature Communications, Nature, vol. 12(1), pages 1-1, December.
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