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Russia's Dependence on Import of Intermediate Goods

Author

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  • Danila Karpov

    (Bank of Russia, Russian Federation)

Abstract

This paper assesses the direct and indirect dependence of Russia's economy on imported inputs across various industries. The author compares these figures with similar data for other economies. Additionally, we indirectly take into account the quality aspect of this dependence, that is, a small number of possibly critical components for industries that might exist. We assess both the direct dependence of industries and their indirect dependence resulting from consumption of other domestic sectors' products also containing imported components. The findings of the research suggest that the dependence of the sectors of the Russian economy on imported inputs is relatively low, even though the share of imports for certain industries can be high in absolute terms. In most of the sectors, dependence on imports is the same as or does not exceed the average for a similar group of economies.

Suggested Citation

  • Danila Karpov, 2022. "Russia's Dependence on Import of Intermediate Goods," Bank of Russia Working Paper Series wps106, Bank of Russia.
    • Handle: RePEc:bkr:wpaper:wps106
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    File URL: https://cbr.ru/Content/Document/File/144139/wp_106_e.pdf
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    Cited by:

    1. Golikova, V. & Kuznetsov, B., 2023. "What waits us tomorrow: What branches will be hit by supplies' sanctions of technological equipment to Russia?," Journal of the New Economic Association, New Economic Association, vol. 60(3), pages 187-196.

    More about this item

    Keywords

    input-output tables; import dependence; intermediate goods imports;
    All these keywords.

    JEL classification:

    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • D57 - Microeconomics - - General Equilibrium and Disequilibrium - - - Input-Output Tables and Analysis
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade

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