Template-Type: ReDIF-Paper 1.0
Author-Name:Izryadnova Olga
Author-Name-First: Olga 
Author-Name-Last:Izryadnova 
Author-Workplace-Name: Gaidar Institute for Economic Policy 
Title: Fixed investment in Russia in 2016
Abstract: The period of 2014–2016 saw mixed investment dynamics driven by the factors and conditions for (1) recovery from the crisis of 2009–2012 and (2) for Russian economy’s adaptation amid restricted access to global capital markets. Russia’s investment crisis hit a peak in H1 2009, and fixed investment recovered bouncing back to pre-crisis levels by 2011 year end. Fixed investment accounted for 19.7% of GDP, one percentage point below the average of 2007–2008, despite a faster rate than GDP growth in the period of 2010–2011. In 2012, the year-on-year fixed investment growth of 6.8% was bolstered by major infrastructure and social investment projects in progress. However, with the savings available at that time, the fixed investment share in 2012 was still smaller than what it was prior to the crisis. Although fixed investment growth rates was close to zero in 2013, the year-on-year growth of 0.8% influenced the investment demand dynamics in the years that followed.
Classification-JEL: E20, E21, E22, E60
Keywords:  Russian economy, fixed investment
Creation-Date: 2017
Revision-Date:2017
Length: 10 pages
File-URL: https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2017-277.pdf
File-Format: application/pdf
File-Function: Revised version, 2017
Handle: RePEc:gai:ppaper:ppaper-2017-277