Multiproduct Model Decomposition of Components of Russian GDP

38 Pages Posted: 22 Nov 2015

See all articles by Nikolay Pilnik

Nikolay Pilnik

National Research University Higher School of Economics

Igor Pospelov

National Research University Higher School of Economics

Ivan Stankevich

National Research University Higher School of Economics

Date Written: November 20, 2015

Abstract

This paper proposes a method for a multiproduct model decomposition of GDP components by expenditure which allows the use of several different price indices in the same model. The decomposition does not link the products to imports or exports, therefore, it imposes no restrictions on the behaviour of these series and their deflators. The theoretical reasoning, the estimation methodology and the estimation results for Russian GDP data are presented. A method of the decomposition of changes in inventories is also presented.

Keywords: GDP components by expenditure, decomposition, utility tree

JEL Classification: C65, C68

Suggested Citation

Pilnik, Nikolay and Pospelov, Igor and Stankevich, Ivan, Multiproduct Model Decomposition of Components of Russian GDP (November 20, 2015). Higher School of Economics Research Paper No. WP BRP 111/EC/2015, Available at SSRN: https://ssrn.com/abstract=2693525 or http://dx.doi.org/10.2139/ssrn.2693525

Nikolay Pilnik

National Research University Higher School of Economics ( email )

Myasnitskaya street, 20
Moscow, Moscow 119017
Russia

Igor Pospelov

National Research University Higher School of Economics ( email )

Myasnitskaya street, 20
Moscow, Moscow 119017
Russia

Ivan Stankevich (Contact Author)

National Research University Higher School of Economics ( email )

Myasnitskaya street, 20
Moscow, Moscow 119017
Russia

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