Economic Growth Factors in 2013-H1 2014

Russian Economic Developments. Moscow, 2014, #9, pp. 45-47

3 Pages Posted: 23 Sep 2014

See all articles by Ekaterina Astafieva

Ekaterina Astafieva

Russian Presidential Academy of National Economy and Public Administration; Gaidar Institute for Economic Policy

Date Written: September 23, 2014

Abstract

The results of decomposition of output growth rates demonstrate that in the period of 2013-H1 2014 the rate of GDP growth was predominantly influenced by labor and capital input, which means that growth in the Russian economy has been achieved in the main due to the effect of extensive factors. The inputs provided by the main production factors mostly rely on increasing capital inputs, backed by steady growth of fixed assets alongside their declining capacity utilization.

Keywords: Russian economy, economic growth

JEL Classification: Е62, Е65, Н21, Н32

Suggested Citation

Astafieva, Ekaterina, Economic Growth Factors in 2013-H1 2014 (September 23, 2014). Russian Economic Developments. Moscow, 2014, #9, pp. 45-47, Available at SSRN: https://ssrn.com/abstract=2500114 or http://dx.doi.org/10.2139/ssrn.2500114

Ekaterina Astafieva (Contact Author)

Russian Presidential Academy of National Economy and Public Administration ( email )

Vernadsky Avenue 82
Moscow, 119571
Russia

Gaidar Institute for Economic Policy ( email )

Gazetny pereulok, 3-5
Moscow, 125993
Russia

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