Export-Import: A Nearly Simultaneous Drop

Russian Economic Developments. Moscow, 2015, #12, pp. 80-83

4 Pages Posted: 23 Dec 2015

See all articles by Alexander Knobel

Alexander Knobel

Gaidar Institute for Economic Policy; Russian Presidential Academy and Public Administration (RANEPA) - Institute of Applied Economic Studies

Date Written: December 23, 2015

Abstract

Evidence of import substitution can be found only in the agriculture and the food industry: a decrease in the import volume across individual positions (meat, poultry, fish and grain crop flour) was accompanied by Household output growth. Also, simultaneously with a drop in imports, some output growth is registered in individual low-processed commodities (plastics in original forms and cast iron). At the same time, there is virtually no substitution of imports in transport vehicles, agricultural machinery and consumer durables. Despite depreciation of the ruble, the expected growth in exports of non-primary products did not take place. Insignificant growth of exports in terms of physical volumes was observed only in groups of low and medium-processed commodities.

Keywords: Russian economy, import, export

JEL Classification: F10, F13, F19

Suggested Citation

Knobel, Alexander, Export-Import: A Nearly Simultaneous Drop (December 23, 2015). Russian Economic Developments. Moscow, 2015, #12, pp. 80-83 . Available at SSRN: https://ssrn.com/abstract=2707657 or http://dx.doi.org/10.2139/ssrn.2707657

Alexander Knobel (Contact Author)

Gaidar Institute for Economic Policy ( email )

3-5 Gazetny Lane
Moscow, 125009
Russia

Russian Presidential Academy and Public Administration (RANEPA) - Institute of Applied Economic Studies ( email )

Vernadsky Ave. 82
Moscow, 119571
Russia

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