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Section 4. Real sector of the economy

In: Russian Economy in 2014. Trends and Outlooks. (Issue 36)

Author

Listed:
  • O. Izriadnova
  • S. Drobyshevsky
  • M. Kazakova
  • S. Tsukhlo
  • Yu. Bobylev
  • N. Karlova
  • N. Shagaida
  • V. Uzun
  • R. Yanbykh
  • N. Volovik

    (Gaidar Institute for Economic Policy)

Abstract

Analysis of the dynamics of the Russian economy macroeconomic indices for the period 2009–2014 showed that the gradual decline of economic growth was accompanied by increasing disparity in production, a decrease in innovation by manufacturers and increased problems related to the imbalance of the technical and technological characteristics of the basic funds and investments in fixed assets in basic economic activities. Development, based on the extensive use of the main factors, increase in production costs reduced the competitive ability of the Russian economy. Expanding domestic consumer demand was supported by the growth of salaries outstripping labour productivity. The growth of investments in fixed assets did not result in a corresponding increase in return per unit of the resources used.

Suggested Citation

  • O. Izriadnova & S. Drobyshevsky & M. Kazakova & S. Tsukhlo & Yu. Bobylev & N. Karlova & N. Shagaida & V. Uzun & R. Yanbykh & N. Volovik, 2015. "Section 4. Real sector of the economy," Book Chapters,in: Russian Economy in 2014. Trends and Outlooks. (Issue 36), edition 1, chapter 4, pages 173-278 Gaidar Institute for Economic Policy.
  • Handle: RePEc:gai:gbchap:re36-04-en
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    Keywords

    Real sector;

    JEL classification:

    • F17 - International Economics - - Trade - - - Trade Forecasting and Simulation
    • F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • N60 - Economic History - - Manufacturing and Construction - - - General, International, or Comparative
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
    • L70 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - General
    • L80 - Industrial Organization - - Industry Studies: Services - - - General
    • J60 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - General
    • J63 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Turnover; Vacancies; Layoffs

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