The Extracting Sector – The First Started to Grow

Idrisov, Georgy; Kaukin, Andrey; Morgunova, Olga; Turuntseva, Marina

doi:10.2139/ssrn.2703281

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The Extracting Sector – The First Started to Grow

6 Pages Posted: 15 Dec 2015

See all articles by Georgy Idrisov

Andrey Kaukin

Gaidar Institute for Economic Policy; Russian Foreign Trade Academy

Olga Morgunova

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA)

Marina Turuntseva

Gaidar Institute for Economic Policy; Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA)

Date Written: December 14, 2015

Abstract

Analysis of the industrial production dynamics shows that the decline in manufacturing output continues, while the extracting sector has been demonstrating a stable positive trend recently. If in the short-term perspective the economy is not shattered by any new terms of trade shocks, significant expansion of the imposed economic sanctions or financial instability, there will emerge some grounds for a cautious optimism: the general industrial production index may depart from the 'bottom' as early as the end of the year 2015.

Keywords: Russian economy, mining and quarrying, IPI, manufacturing sector

JEL Classification: L71, L72, F34, G24

Suggested Citation: Suggested Citation

Idrisov, Georgy and Kaukin, Andrey and Morgunova, Olga and Turuntseva, Marina, The Extracting Sector – The First Started to Grow (December 14, 2015). Available at SSRN: https://ssrn.com/abstract=2703281 or http://dx.doi.org/10.2139/ssrn.2703281