Economic Growth Factors in 2013-H1 2014
Russian Economic Developments. Moscow, 2014, #9, pp. 45-47
3 Pages Posted: 23 Sep 2014
Date Written: September 23, 2014
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: Suggested Citation